LA City Council approves $150M in ‘mansion tax’ allocations

Funds will go to short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash assistance for low-income seniors and individuals with disabilities, tenant protections and affordable housing development, according … Continue reading

‘Fight it tooth and nail,’ LA agents warn as Chicago mulls mansion tax

As Chicago Mayor Brandon Johnson narrows in on a 2.65 percent tax on purchases of properties over $1 million, luxury agents in Los Angeles offered their advice to concerned Windy City agents. Continue reading

California’s loathed ‘Mansion Tax’ falls flat in first full month in effect

Implemented in April on properties over $5 million, the ULA Tax was intended to bring in an average of $56 million in revenue per month to the city of L.A. During its first month, it brought in just $3.6 million. Continue reading

Anthony Marguleas: LA ‘Mansion Tax’ is ‘devastating’ the market

Inman recently caught up with Marguleas to discuss his company’s new venture in Dallas, the effects of the LA ‘Mansion Tax’ and what he’s looking forward to at this year’s ICLV event. Continue reading