Posts : Transfer Tax

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Tagged: Transfer Tax

REALTOR® Party of California
REALTORS® Deliver Major Victory Stopping Costly Tax Proposal AB 736
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) announced a major victory for homeownership in California after REALTORS® statewide mobilized to stop AB 736, a costly tax proposal, from moving forward in the California State Legislature last week. SAMCAR joined this effort in mobilizing to stop this proposal, protecting California homeownership.
Photo of Foster City City Hall Source: www.fostercity.org
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.
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