In late 2022, Los Angeles voters said yes to Measure ULA - also known as the Mansion Tax.
A “yes” vote supported the following initiatives:
enact a 4% tax on properties sold or transferred for more than $5 million and a 5.5% tax on properties sold or transferred for more than $10 million;
establish the House LA Fund within the city treasury to collect additional tax revenue; and
allocate revenue to projects that address housing availability at certain income thresholds and homelessness prevention.
Click here to learn more from Ballotpedia.
