Pacific Palisades homeowners looking to sell high-end properties after the January fires could escape the city’s “mansion tax” under a proposal advanced Monday by a key committee of the Los Angeles City Council.
Measure ULA is a voter-approved tax on real estate selling for $5.3 million or more. The city uses the revenue for rent relief, eviction defense and affordable housing construction efforts.
Councilmember Traci Park, who represents the Palisades, said she has heard from hundreds of homeowners who say the tax is affecting their post-fire recovery plans .
“For some, recovery is going to mean leaving the Palisades,” Park said during Monday’s meeting of the Ad-Hoc Committee for L.A. Recovery. “In those instances — where a sale is by no means voluntary — I don't think we shoul

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