Sacramento Mayor Kevin McCarty is proposing a real estate transfer tax increase for the 2026 ballot that would raise Sacramento’s rate from 0.275% to about 1%, applying only to high-value property sales above $1–$2 million. The measure could bring in up to $9 million annually to support housing and homelessness initiatives, including down payment assistance, rental help, and tiny home communities. McCarty says the plan would affect only about 1% of home sales, focusing on large transactions to fund local housing efforts. The proposal must first win City Council approval before going to voters.

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