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Form 1040 Tax Table California Alameda: What You Should Know

Property Tax Overview (California Proposition 60) In California, a property tax falls under one of five primary tax levels: 1) general excise 2) commercial 3) special assessment 4) exemption 5) school district/district 1. General Excise Tax The general excise tax (also known as the “general sales tax”) is levied on sales that exceed a certain threshold. Proponents argue that property tax increases to this tax rate are regressive because the taxes apply to higher-income people whose real estate and car values would increase the most but whose properties are less valuable. The general excise tax rate in California is 3.25%. The current general excise tax rate in California is 3.25% in the county of Alameda and all the cities of Alameda, Fairfield, and Richmond. The statewide general excise tax rate for all property tax rates is 3.25%. For all rates, there is no annual inflation adjustment. 2. Commercial and Special Assessment The commercial/special assessment tax, or SST, is levied on the income generated by commercial and special uses of commercial real estate (see chart). It requires a “certificate of occupancy” that must be obtained from the city or county or from the building owners/occupants of the property. If the Certificate of Occupancy shows that the use is a commercial or special use, then the owner or owner's agent will be required to file an SST tax bill with the city. The tax increases as the use of the property increases: Commercial or Special occupancy — The tax increases by the same amount (200 plus 25 of SST tax, which is collected at the same rate as the general tax). Special occupancy — The tax increases by 50 plus 25 of SST tax, which is collected at the same rate as the general tax. If the SST tax is paid by a property owner or a property owner's agent, the city may levy 50 of SST tax per SST unit, per quarter. (That is an effective tax rate of 0.5%.) If the property is used exclusively for business, then the tax rate is reduced to 0.25%. Otherwise, it becomes 3.75% for all properties (and 6% for properties of two or more units). This rate is also applied to the first 100,000, 150,000, 200,000, and 250,000 of assessed value based on the property tax rates. 3.

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