Proposition H: Create 15-year Property Tax To Fund Municipal Transportation Agency Initiative
Proposition H: Create 15-year Property Tax To Fund Municipal Transportation Agency Initiative
Property owners would pay a new annual property tax starting at $129 for single-family properties, with higher charges for larger buildings, to fund Muni operations for 15 years.
A Yes vote
A No vote
Proposal impacts
Impact on Commercial property owners
The property's tax bill would add a $799 starting charge each year. Larger buildings could owe more.
The property's tax bill today follows existing property tax rules, without a Muni charge based on building size.
Impact on Apartment building landlords
The apartment building's tax bill would rise by at least $249 yearly. Larger buildings would owe extra.
The apartment building's tax bill currently lists secured property taxes. Building size triggers no separate Muni tax.
Impact on Single family homeowners
The house's property tax bill would add at least $129 a year. Larger houses would cost more.
The house's property tax bill today includes secured taxes, without a Muni charge tied to house size.
Impact on Rent controlled renters
Rent on a covered unit could rise up to $65 yearly if its landlord passes on the tax.
Rent on a covered unit today follows rules permitting certain tax charges tied to city borrowing.
Impact on older resident owners
The resident owner's bill would have a reduced new Muni tax charge after an approved application.
The resident owner's bill today includes existing property taxes, without a Muni charge needing relief for older owners.
Impact on Muni riders
Muni service used by riders would gain operating funds for buses and trains. No particular route is guaranteed.
Muni service used by riders today runs on fares and existing city, state, and federal funding.
