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Realtors Ramp up Anti-Measure P Campaign

Alameda residents cruising around town may notice “No on Measure P” signs. Alameda’s realtors have launched a campaign opposing a ballot measure to increase the property transfer tax from $5.40 to $12.00 per $1000 of property value.

Here is the text of the measure as provided by the “No on Measure P” campaign:

MEASURE P.

CITY OF ALAMEDA REAL PROPERTY TRANSACTION TAX MEASURE.

To maintain essential City services such as keeping existing fire stations open; maintaining neighborhood policing programs; improving traffic flow and pedestrian and bicycle safety; prevention recreation program cutbacks; and restoring previously reduced library hours; shall the City of Alameda increase the City real property transfer tax, charged when a property is sold, from $5.40 to $12.00 per $1,000 of value, limited to 20 years and subject to audits?

 

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