San Francisco, CA, $250 daily tax proposed for some commercial and residential vacant property

San Francisco, CA: A proposal was announced for legislation to tax some commercial and residential vacant property.

Part of the proposal would include a tax of $250 per day on residential property with three or more units, vacant for 6 or more months, until the vacancy is resolved; vacant commercial property would have a daily fine based on their square footage.

The measure still must be voted on by the Board of Supervisors, and if approved, would then be added to a ballot in November.

A similar proposal was brought up in December 2018, which would require annual registration fees of for vacant commercial buildings, with registration to occur within 30 days of vacancy, and fines for noncompliance.

All proposals are still under consideration by the Board of Supervisors, with all details for possible legislation subject to revocation, revision, and further review.




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