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
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