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LA Council Weighs Mansion Tax Exemption | Real Estate News
LA City Council prepares to vote on a new ballot measure that could exempt new multifamily developments from the controversial mansion tax, Measure ULA, amid mounting pressure from the real estate industry and stalled statewide repeal efforts. The proposed local fix would offer a 10-year tax break for projects with five or more units, while also providing relief to fire-affected homes. With potential state-level reforms looming—including a bill to cap taxes at 1.5%—the council’s move could reshape how LA funds housing, even as critics push for full repeal. Listen in comfort:Get a discount on…
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