92,163 / 44.73% Yes votes ...... 113,902 / 55.27% No votes

See Also: Index of all Measures

When real estate is sold or transferred, the City charges a tax. If the property is worth $1,000,000 or more, the tax is $3.75 for each $500 of value. If the property is worth less than $1,000,000, lower tax rates apply.

The Proposal:

Proposition L is an ordinance that would double the tax on the sale or transfer of real estate worth $1,000,000 or more. The tax would be $7.50 for each $500 of value. The tax rates for properties worth less than $1,000,000 would remain unchanged.

Meaning of Voting Yes/No

A YES vote of this measure means:

If you vote "Yes," you want to increase the tax on the sale or transfer of real estate worth $1,000,000 or more from $3.75 to $7.50 for each $500 of value.

A NO vote of this measure means:

If you vote "No," you do not want to increase this tax.

How to Evaluate the Propositions

Decide for yourself

Televised Ballot Measure Discussions:

Check the SFGTV Cable Channel 26 Schedule for rebroadcasts.

Yes on L

No on L