Attachment BCities with Real Property Transfer Tax
CityTax RatesNotesVoter ApprovalAnnual
Revenue
Mountain
View
Palo Alto
Two tier rate:
• 0.33% for $6m or less;
• 1.5% of over $6m
general tax; dedicated to Capital
Improvement Plan
0.33%General tax
Initiated 1973; voter
approved 2024 (Measure
G)_
Initiated 1967
i $5M
I
undetermined
San JoseFour tier rates:
• 0.33% for under $2M
i • 0.75% for $2M to $5M
I • 1%for$5Mto$10M
1.5% over$10M
General tax: annual spending
priority part of budget adoption
Initiated 1973; voter
amended in 2020
(Measure E)
$50M
Santa
Monica
Redondo
Beach
Three tier rates
• 0.3% for less than $5M;
• 0.6%for$5Mto$8M,
(added with Measure SM
2020);
• 5.6% of over $8M (added
with Measure GS 2022)
.22%'0
Measure GS dedicated third tier
to: (1) a Homelessness
Prevention and Affordable
Housing Fund; and (2) a new
School Fund. These funds
would be funded by the Third
Tier Tax Rate. Out of the Third
Tier Tax rate of 5.6%, 5% would
be allocated to the School Fund
and the Homelessness
Prevention and Affordable
Housing Fund ("Allocated
Funds") and the remaining .6%
would go to the General Fund.
Initiated 1973; voter
approved tier 2 in 2020;
voter approved tier 3 in
2022 (citizen initiative:
created Municipal Code
4.90 for transfer of tax to
special funds)
Initiated 1967; amended
1989
$50M
undetermined
Attachment BCities with Real Property Transfer Tax
r
CityTax RatesNotesVoter ApprovalAnnual
Revenue
Culver City
City of Los
Angeles
I
Pomona
Four tier:
• 0.45% of the amount of
consideration or value of
$1,499,999 or less; and
1.5% of the amount of
consideration or value
from $1,500,000 to
$2,999,999; and
• 3.0% of the amount of
consideration or value
from $3,000,000 to
$9,999,999; and
• 4.00% of the amount of
consideration or value
equal to or over
$10,000,000.
General taxInitiated 1967; voter
amended 2020 (Measure
RE)
$9M
Three tier rates:
• .45% under $5.3M; AND
EITHER
• 4% of the total transaction
value of sales above
$5,300,000 but less than
$10,600,000; OR
5.5% of the total
transaction value of sales
at or above $10,600,000.
(thresholds adjust by CPI
annually)
0.22%%
•gi
Base is general tax; over base
earmarked for affordable
housing production and
homelessness prevention
programs.
Initiated in 1966; voter
approve Measure ULA
(2022) citizen initiative
$1B
General taxInitiated unknown,
Measure W (2012) failed
to increase to 0.44%
$2M
.i^'l
Attachment BCities with Real Property Transfer Tax
City
San Rafael
Riverside
Vallejq
Tax Rates
0.20%
0.11%
0.33%
-1"Notes
General tax
General tax; called the
documentary stamp tax
General tax
Voter Approval
Initiated in 1990
Initiated in 1967
Initiated in 1967,
Annual
Revenue
$8M
Do not know
if active, does
not show on
county
$2M
Note: All rates are in increments of $1000 for comparison; however, actual ordinances may vary as written.
While state law (Revenue & Taxation Code §11911) limits documentary transfer tax to $0.55 per $500 (0.11%), charter cities are not bound by this cap and may adopt their own rates or structures outside state constraints. For charter cities that adopt their own transfer taxes, the county retains the full state-level tax, and the city's tax is applied on top—resulting in "stacking" rather than splitting.