Bill 12 Provides Property-Tax Relief for Family Rental Housing
- Details
- Category: City Affairs Blog
- Published: March 14, 2016
Councilmember Ann Kobayashi introduced Bill 12 to provide property-tax relief to families who dedicate their Residential A property for family rental. If the property was purchased for less than $1M and is dedicated to family-rental, including parents, siblings and children, for 5 years, then the property owner would receive the lower residential property tax classification.