Published: August 26, 2025
Foster City Drops Charter, Transfer Tax, Commercial Vacancy Tax...
On August 25, 2025, the City Council in Foster City decided not to pursue a ballot measure in November 2026 to become a charter city, impose a residential property transfer tax, and commercial vacancy tax. Realtors, homeowners, and commercial property owners in Foster City faced the possibility that the council, by changing the city charter, would gain greater taxing authority to impose the taxes on future home sales and empty commercial properties. Your voices were heard and thanks to SAMCAR's local advocacy efforts Realtors, homeowners, and commercial property owners in Foster City and can now breathe a sigh of relief that they will not have to pay these added taxes.