Alameda Sun: Council Discusses Point Tax District, March 7, 2017
In Zone 1, townhomes are taxed $3,600 per dwelling unit. Condominiums are taxed $1,010 per dwelling unit. Apartments are taxed $82,400 per acre, while all non-residential property is taxed 60 cents per square foot.
The tax for Zone 2 property owners differ from Zone 1. In Zone 2, townhomes are taxed $2,858 per dwelling unit. Condominiums are taxed $1,816 per dwelling unit. Apartments are taxed $1,652 per dwelling unit. Non-residential property will be taxed 70 cents per square foot. All taxes are the maximum amount that can be levied on owners.
Taxes will be levied annually within the district and collected in same manner as ordinary ad valorem property taxes. No special taxes will be levied on undeveloped property.