Measure ULA

Mansion tax

Measure ULA (United to House LA) is an ordinance designed to increase transfer tax rates in the City of Los Angeles on real estate sales valued at $5 million or more. In short, a tax of 4 percent of the total sale price will be imposed on the sale of properties valued between $5 million and $10 million. If the property is valued at $10 million or more, the sale will be subject to a 5.5 percent tax. Compared to the current tax rates, when the value of the property exceeds $100, the city tax rate is at 0.45%. Under this measure, our transfer tax rate will increase by approximately 10X!