Campaign To Raise Real Estate Transfer Tax Fails, Unofficial Election Results Show

PIEDMONT (BCN)

Piedmont property owners are unlikely to have to pay more in taxes when they sell or transfer their real estate property as Measure TT was voted down, according to Tuesday�s unofficial election results.

The measure needed a majority of Yes votes to pass and was just shy with 49.4 percent with two of two precincts reporting. The measure was shy of passing by 54 votes, according to the Alameda County Registrar of Voters office.

The tax would have raised about $950,000 a year to pay for city services and maintain and repair facilities such as police and fire stations, recreational facilities, and other infrastructure, according to the county elections office.


Proponents including all city councilmembers sought to align Piedmont with other East Bay cities by raising the tax from $13 to $17.50 for every $1,000 worth of property sold.

Eric Wong, president of the Bridge Association of Realtors,

Read More