Wednesday, March 16, 2011

New Sales and Use Tax Rates for the State of California!

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New Sales and Use Tax Rates for the State of California!

Voters in 13 cities in California have approved new district taxes (transactions and use taxes) that become effective April 1, 2011.  The new rates apply only within each city’s incorporated limits. The tax rates outside the incorporated city limits will remain the same.

In addition, the City of Scotts Valley Transactions and Use Tax (SVGF) will end on March 31, 2011, resulting in a tax rate decrease within the city limits of Scotts Valley.

In Sonoma County, the countywide Sonoma County Open Space Authority (SCOS) 0.25 percent district tax will end on March 31, 2011. Beginning April 1, 2011, the Sonoma County Agricultural Preservation & Open Space District (SAPD) 0.25 percent district tax will take effect. Therefore, the tax rates throughout Sonoma County (exception: City of Santa Rosa) will remain the same

The table below summarizes the new sales and use tax rates.

District Tax Area

County

Acronym

Code

Old Rate

New Rate

City of San Leandro

Alameda

SLGF

238

9.75%

10.00%

City of Union City

Alameda

UCGF

240

9.75%

10.25%

City of Concord

Contra Costa

CNCD

242

9.25%

 9.75%

City of El Cerrito

Contra Costa

ELCT

244

9.75%

10.25%

City of Placerville

El Dorado

PLST

246

8.50%

 8.75%

City of Eureka

Humboldt

ERST

248

8.50%

 9.00%

City of Santa Monica

Los Angeles

STMA

250

9.75%

10.25%

City of South El Monte

Los Angeles

SEMT

252

9.75%

10.25%

City of Novato

Marin

NOVT

254

9.00%

  9.50%

City of Marina

Monterey

MRNA

255

8.25%

  9.25%

City of Tracy

San Joaquin

TRCY

257

8.75%

  9.25%

City of Scotts Valley

Santa Cruz

SVGF

216

9.25%

  9.00%

County of Sonoma

Sonoma

SAPD

259

9.00%

    9.00%*

City of Santa Rosa

Sonoma

SRGF

264

9.25%

  9.50%

City of Wheatland

Yuba

WTLD

265

8.25%

  8.75%

 *The rate is higher in the following cities which have additional district taxes and their codes have changed: Sebastopol (260), Cotati (261), Rohnert Park (262), and Santa Rosa (264). 

For More Information

You may review the entire Special Notice at the BOE’s website at http://www.boe.ca.gov/news/pdf/l269.pdf.

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Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,"the most trusted name in Costa Mesa Real Estate". Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CA for the latest news and information on the Costa Mesa real estate market.  Lic #00573423 

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Posted via email from Larry Weichman's Blog (714) 241-4532

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