Since 2001, property tax in Del Mar has doubled to over $4 million, sales tax has increased by over 25% to $1.5 million and hotel tax has increased over 30% to $1.7 million. 92% of property tax is from residential property. Over 37% of sales tax comes from the fairgrounds. With Amazon now collecting sales tax from California residents, Del Mar's sales tax receipts will automatically increase.
Prop J after 30 years of development is estimated to add $500,000 of revenue to Del Mar's current budget of around $10 million.
