San Francisco Mayor Proposes Transfer Tax Rollback

Lurie says tax is stalling major housing projects in the city

Published on Feb. 26, 2026

Got story updates? Submit your updates here. ›

San Francisco Mayor Daniel Lurie announced new legislation on Wednesday that aims to boost housing construction in the city by rolling back the transfer tax, which he claims is hindering the progress of major development projects.

Why it matters

The transfer tax has been a contentious issue in San Francisco, with proponents arguing it generates vital revenue for affordable housing and public services, while critics say it discourages investment and new construction. Lurie's proposal reflects the ongoing debate around balancing housing affordability, development, and tax policy in the city.

The details

Lurie's legislation would reduce the transfer tax, which is levied on the sale of real estate in San Francisco. The mayor believes the current tax rate is stalling major housing projects in the city, as developers face higher costs that make some developments financially unviable.

  • Mayor Lurie announced the legislation on Wednesday, February 26, 2026.

The players

Daniel Lurie

The current mayor of San Francisco who is proposing legislation to reduce the city's transfer tax.

Got photos? Submit your photos here. ›

What they’re saying

“We must find ways to boost housing production in San Francisco, and reducing the transfer tax is one way to do that by making major projects more financially feasible.”

— Daniel Lurie, Mayor of San Francisco (ktvu.com)

What’s next

The proposed legislation will now go through the San Francisco Board of Supervisors for consideration and a potential vote.

The takeaway

Mayor Lurie's proposal to reduce the transfer tax reflects the ongoing challenge of balancing housing affordability, development, and tax policy in San Francisco, as the city seeks to address its housing crisis.