S
t. Helena's proposed property tax measures are headed towards defeat in the early election results, which would leave the city facing a $7 million structural budget deficit.
The two ballot measures aim to raise around $4.8 million annually for the general fund by taxing property sales and transfers. Measure A1 seeks to enable St. Helena to become a charter city, allowing it to enact a real estate transfer tax. With 36% of potential votes counted, 48% are in favor of Measure A1.
Measure A2 directly enacts the tax, with 44% of voters supporting it at this stage. If either measure fails to secure a simple majority, the tax will not be implemented. The proposed tax would apply when properties change hands, taxing a percentage of the sales price: 1.5% for sales between $1 million and $5 million, and 3% for sales over $5 million. Exemptions include sales under $1 million and transfers by will or inheritance.
The city has been exploring ways to address its budget deficit in recent years.
realestate
St. Helena's Measure A Faces Initial Setbacks in Election Returns
Early Election Results Indicate Measure A Favors No Real Estate Tax Increase on St. Helena
Read More - realestate

realestate
Compass introduces revised seller disclosure form for real estate transactions
Benefits and Risks of MLS Listing: A 3-Phased Marketing Strategy
Read More - realestate
realestate
Luxury Hideaway: Unwind in Opulent Elegance
This 5-bedroom contemporary home features 4 full baths and expansive deck space.