Page 46 - Homeowners Manual - San Mateo County

CITY TRANSFER TAX UPDATE

San Jose – Measure E
Effective July 1, 2020

Measure E is a transfer tax applied at graduated increments on the sale or transfer of real property over $2 million
in the City of San Jose� In addition to existing city and county transfer taxes, the transfer tax will be imposed
when a deed transfers the ownership of both residential and commercial real property�

Transfers under $2 million are exempt from Measure E, while transfers at or above $2 million are taxed at the
following rates:

Property Value Amount Realized

Less than $2,000,000 Exempt from the new tax

$2,000,000 to $5,000,0000 0�75%

$5,000,001 to $10,000,000 1�00%

$10,000,001 and above 1�50%

For example, a residential or commercial property that sold for $5 million would be taxed at a rate of 0�75%,
and the tax owed would be $37,500� Please keep in mind this tax is in addition to the current city transfer tax of:
$3�30/$1,000�

For more information regarding Measure E, please visit the city of San Jose website at sanjoseca�gov�

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