Summary
The county is exploring a new transfer tax on high-value home sales ($5M or $10M+) and an increase to the transient occupancy tax to fund workforce housing and general fund needs. Proponents argue it addresses the severe housing crisis on the peninsula, while real estate representatives warn it could reduce long-term property tax revenue and transaction volume.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Apr 14, 2026.
Impact analysis
Could generate millions annually for workforce housing and general fund relief.
Local workforce, teachers, healthcare workers, and county general fund services.
Luxury home buyers, real estate agents, and hospitality businesses.
Mentions & discussions (2)
Board of Supervisors — April 14, 2026
The county is exploring a new transfer tax on high-value home sales ($5M or $10M+) and an increase to the transient occupancy tax to fund workforce housing and general fund needs. Proponents argue it addresses the severe housing crisis on the peninsula, while real estate representatives warn it could reduce long-term property tax revenue and transaction volume.
Board of Supervisors — March 17, 2026
The county is exploring a special transfer tax on homes valued over $10 million to fund workforce and missing middle housing. Supporters argue it will help teachers and nurses afford homes, while real estate groups warn of market slowdowns.
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