WebJun 16, 2024 · The City Council voted unanimously to put a measure on the November ballot to tax sales of homes and commercial properties of more than $5 million to fund programs to create affordable housing... WebNov 1, 2024 · United to House LA (ULA) aims to fund affordable housing and tenant protection programs by placing a one-time tax on real estate sales over $5 million. Properties would be taxed at 4% for sales between $5 and $10 million, and 5.5% for sales more expensive than that.
ULA: Up in Arms - Los Angeles Business Journal
WebMar 31, 2003 · Blue-on-blue political warfare in deep blue states is kind of entertaining to watch. The "mansion tax" law went into effect on April 1. So, for a house that sells for $5,000,000 there is now an additional tax due at closing in the amount of $200,000. For a $10,000,000 property, the tax would be a staggering $550,000! WebNov 8, 2024 · The proposed Measure "United to House LA" (ULA) seeks to establish a 4% documentary transfer tax on sales or transfers of property above $5 million but below … evil eye catholic
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WebMar 29, 2024 · Caveat: Deal must close before April 1, when LA’s Measure ULA or “mansion tax” goes into effect. The Los Angeles mansion can be bought with a garage stuffed with a free McLaren, Aston Martin ... WebOct 28, 2024 · Real Estate Industry Spends Big To Crush LA “Mansion Tax”. Oct 28, 2024 • Aditi Ramaswami. Corporate real estate interests, like Douglas Emmett, have come out in full force to try and defeat a ballot measure to hike taxes on multimillion-dollar property sales. A demonstrator's mask reads "Stop Evictions Save Lives" during a protest in the ... WebNov 8, 2024 · If the results hold, Measure ULA's passage will implement a new "documentary transfer" tax on top-dollar properties starting April 1, 2024. Properties that … evil eye cabinet knobs