BOMA/GLA Member Town Hall: Parcel Taxes in Pasadena and Culver City
Two parcel taxes on the November ballot could add a new annual cost for commercial properties in Pasadena and Culver City. The tax would be based on building square footage, whether space is leased or vacant.
Pasadena: The proposed fire parcel tax is 19 cents per square foot each year for 14 years. A 500,000-square-foot building would owe about $95,000 a year, or $1.33 million over 14 years.
Culver City: The proposed school parcel tax is 48 cents per building square foot each year for 10 years, capped at $15,000 per parcel annually. The number of parcels matters when estimating the cost of a property.
Join BOMA/GLA for a virtual member town hall to understand what each measure would cost your property, discuss how members can respond before Election Day, and see where the campaigns stand. If you own or manage property in either city, please join us.
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