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City of San Leandro <br /> Property Transfer Tax <br /> Summary and Comparison with Alamenda County cities <br /> Per $1,000 Ranking <br /> Property Value Highest to <br /> City City Rate Lowest <br /> Berkeley $ 15.00 1 <br /> Oakland $ 15.00 1 <br /> Piedmont $ 13.00 2 <br /> Alameda $ 12.00 3 <br /> Albany $ 11.50 4 <br /> San Leandro $ 6.00 5 <br /> Hayward $ 4.50 6 <br /> Source. CaliforniaCityFinance -com April 2009 <br /> Additional Information: <br /> 1. To increase the PTT, voters must approve by a majority vote if the funds will <br /> be used for general purposes; a 2/3 vote is required for designated purposes <br /> 2. Only chartered cities may increase property transfer tax rates. <br /> 3. Very volatile revenue stream driven by real estate market, therefore, may not see significant <br /> increase in transactions, or value of transactions for the next few years. <br /> 4. City of San Leandro currently generates about $2.4M per year in PTT to the General Fund. <br /> 5. Every $1 increase to the transfer tax rate will generate approximately 5400,000 /year <br /> G \Finance Committee \2010- 11\3- 4- 11\Property Transfer Tax comparison xlsx 3/11/2011 <br />