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Real Property Transfer Tax Rebate Program <br />Discussion Item 4 <br />The maximum purchase price eligible for a first-time <br />homebuyer rebate is 125% of the median price of <br />single-family residences and condos sold in San Leandro <br />during December of the previous fiscal year. <br />Factors Considered <br />• A primary goal of the program is to provide RPTT <br />relief to low-income first-time homebuyers <br />• Not all first-time homebuyers are at the low end of <br />Real Property Transfer Tax Rebate Program <br />Discussion Item 5 <br />Sellers of San Leandro property who then buy again <br />in San Leandro within 180 days of the first sale are <br />eligible for a rebate of 50% of the RPTT levy applicable <br />to the second purchase transaction only. <br />Factors Considered <br />• Program designed to encourage "buying up" <br />• Program designed to benefit purchasers of property <br />San Leandro <br />34k <br />