J: Removal of Foreclosure Exemption for Real Property Transfer Tax
Source: sfelections.org
What does this measure do?
Lenders would lose a tax break when they take commercial or larger apartment buildings after loan defaults. That change in owner would trigger a tax; qualifying smaller homes would keep their current tax break.
Read the official ballot measure (PDF)
Proposed by: San Francisco Board of Supervisors (ten supervisors)
Supervisors Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill and Wong put it on the ballot. Walton co-sponsored it but missed the final vote (excused).
Source: lwvsf.org
A YES vote means
Starting March 2027, lenders taking covered properties after loan defaults would pay 0.5%–6% of the full market value in tax. Qualifying smaller homes would keep their current tax break.
A NO vote means
Keep the current tax break for all types of property that lenders take after loan defaults. The city would not get the added tax money this measure could bring.
Campaign Finance Information
Campaign Finance Information
Largest donors supporting
- Saikat ChakrabartiEconomic policy director$50,000
- SEIU Local 2015 Issues PACLong-term care workers union political committeeIts top donors: SEIU Political Education and Action Fund; SEIU Local 2015$50,000
- SEIU Local 1021 Issues PACPublic and nonprofit workers union political committeeIts top donors: SEIU Local 1021$50,000
Largest donors opposing
No large donors reported.
Filings as of September 22, 2026 · Source: campaign.sfethics.org
Sources: media.api.sf.gov2
Sources: sf.gov · campaign.sfethics.org