Opponents of Los Angeles’ “mansion tax” argued that the measure is unlawful according to the California constitution and the city’s own charter to a California appeals court on Thursday, but one judge on the panel appeared unimpressed.
The case challenges the validity of Measure ULA, a Los Angeles ballot measure voters approved in 2022 that imposes property transfer taxes of 4% on property sales and transfers of over $5 million and 5.5% on transfers of $10 million or more, which has been widely criticized by the real estate industry.
Judge Armen Tamzarian said at the outset his tentative ruling is ...