LA Mansion Tax Opponents Get One More Chance With Ballot Measure

The political battle around the Los Angeles “mansion tax” is coming to a head, as California groups watch whether an aggressive tax-limiting initiative qualifies for the November ballot.

Angelenos voted in 2022 in favor of Measure ULA, applying levies of 4% on property sales and transfers of over $5 million and 5.5% on transfers of over $10 million as a way to generate revenue for affordable housing and tenant assistance programs. So far, the tax has raised more than $1 billion, according to the Los Angeles Housing Department.

Now, the Howard Jarvis Taxpayers Association, an influential anti-tax group in ...