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.
Source: Inman News
California’s loathed ‘Mansion Tax’ falls flat in first full month in effect
Published in Aaron Kirman, Agent, christie's international real estate, development, douglas elliman, Ernie Carswell, housing insecurity, los angeles, luxury, luxury lens, luxury_lens, Mansion tax, News Brief, Select and ULA Tax
More from Aaron KirmanMore posts in Aaron Kirman »
- Christie’s becomes the 1st US real estate company to launch crypto division: Because currency is ‘here to stay’
- How an agent’s networking landed him Roseanne Barr’s Hawaii listing
- IS Luxury opens in Newport Beach with former Elliman manager
- LA agents implore government to pause ULA Tax in wake of wildfires
- Aaron Kirman: ‘It’s business as usual’ after Compass acquisition
More from AgentMore posts in Agent »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from christie's international real estateMore posts in christie's international real estate »
More from developmentMore posts in development »
- Developers are lining up to buy in on Altadena’s burned out lots
- Zeckendorfs accused of ‘brazen fraud’ in $80M penthouse sale
- Realogics Sotheby’s Realty partners with AI startup Realtie
- Developers sit on empty lots as higher rates delay projects
- Kushner project on site of NATO bombings in Serbia draws protests
More from douglas ellimanMore posts in douglas elliman »
More from Ernie CarswellMore posts in Ernie Carswell »
- Ernie Carswell & Associates trade Elliman for Sotheby’s Realty
- ‘Reality’ is a misnomer when it comes to real estate TV shows
- Olympic training, ballet, real estate — now, ‘Kendra Sells Hollywood’
- The LA ‘mansion tax’ is coming, sending sellers on a sprint to April 1
- Johnny Depp and Amber Heard’s former penthouse lists as trial ends
More from housing insecurityMore posts in housing insecurity »
- What saved my life — and why our industry must choose compassion over judgment
- How HUD’s English-only policy undermines fair housing
- Senate confirms Scott Turner as HUD secretary in 55-44 vote
- Some landlords are declining funds from the Emergency Rental Assistance program. Here’s why
- Renters will be hardest hit by an end to unemployment benefits: Zillow
More from los angelesMore posts in los angeles »
- The most iconic house in Los Angeles is now for sale
- What it takes to build a $100M real estate brand with heart
- Why 2026 will reward those who plan with precision, not emotion: Mauricio Umansky
- Luxury’s next phase: What the 2026 buyer really wants
- Delistings and discounts jump as holiday season approaches
More from luxuryMore posts in luxury »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- The most iconic house in Los Angeles is now for sale
- Why 2026 will reward those who plan with precision, not emotion: Mauricio Umansky
More from luxury lensMore posts in luxury lens »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- The most iconic house in Los Angeles is now for sale
- Why 2026 will reward those who plan with precision, not emotion: Mauricio Umansky
More from luxury_lensMore posts in luxury_lens »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Alexander brothers denied motion to dismiss sex-trafficking charges
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
- SERHANT. enters Sin City with 2nd Southwestern market launch
More from Mansion taxMore posts in Mansion tax »
- Brandi Marshall on ‘Selling the OC’ stardom, feuds and a brutal real estate market
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
- ‘Real estate is the sacrificial lamb of high interest rates’: Jason Oppenheim rants on the Fed
- Jason Oppenheim respects the Compass deal, but says he’s ‘not happy about it’
- Here are the stories you missed amid the Compass coverage
More from News BriefMore posts in News Brief »
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from ULA TaxMore posts in ULA Tax »
- Jason Oppenheim respects the Compass deal, but says he’s ‘not happy about it’
- Fire-scarred CA neighborhoods ‘not even close’ to bottoming out
- Bass weighs pause of ULA Tax as wildfire recovery continues
- Palisades land listings soar — with 750 more projected to hit market
- LA agents implore government to pause ULA Tax in wake of wildfires
Be First to Comment