Local propositions
Proposition J
Removal of Foreclosure Exemption for Real Property Transfer Tax
24 of 28 San Francisco voter guides recommend Yes on Prop J, as of October 10, 2026.
Yes 86%
28 guides
Yes24No4
Yes24 guides
Reasons
“Proposition J ends a tax break that has let big real estate lenders off the hook for years.”
“Since the rest of us aren’t affected by Prop J, this is a no-brainer to raise more money for the general fund to pay for vital city services.”
No4 guides
Reasons
“SF doesn't have a revenue problem. It has a spending problem.”
“Slaps San Francisco’s real estate transfer tax—up to 6% of fair market value—on foreclosed commercial properties and apartment buildings with five or more units, even when a lender is merely taking back a distressed property.”
9 guides haven't published yet · Official text