7.81.020 Tax Rate and inflation adjustments.
This section is included in your selections.
A. The rate of tax for the fiscal year 2009-2010 shall be as follows:
1. For all dwelling units, the tax shall be imposed at the rate of $.04083 per square foot.
2. For all other property the tax shall be imposed at the rate of $.06179 per square foot.
B. Annually in May, the City Council may increase the previous year’s tax by up to the greater of the cost of living in the immediate San Francisco Bay Area or per capita personal income growth in the state, as verified by official United States Bureau of Labor statistics. If either index referred to above is discontinued, the City shall use any successor index specified by the applicable agency, or if there is none, the most similar existing index then in existence. (Ord. 7067-NS § 1, 2008)