Transfer Taxes
Commercial Revenue Trends Under Measure ULAÂ
The City of Los Angeles has released updated revenue data from Measure ULA, shedding light on its impact on the commercial property sector.
Read MoreWhy Measure ULA Is Holding Back LA’s Real Estate MarketÂ
When Measure ULA was introduced, it was marketed as a way to tax luxury properties and fund affordable housing. Instead of delivering on that promise, the tax has contributed to a slowdown in property sales and raised concerns about the future of the real estate market in Los Angeles.
Read MoreLong Beach Considers Transfer Tax to Shore Up Revenue
This week, the Long Beach City Council will be presented with revenue options to compensate for declining oil tax revenues. A transfer tax proposal modeled on Measure ULA is among the revenue options on the menu.
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