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California voters may soon decide on limits to local real estate transfer taxes, affecting housing funding.
California faces a pivotal 2026 ballot battle over real estate taxes, sparked by Los Angeles’ Measure ULA, which levies high transfer fees on luxury home sales to fund housing for the unhoused.
The Howard Jarvis Taxpayers Association is collecting signatures for a statewide measure that would cap transfer taxes at under 0.05% and require a two-thirds majority to pass local, purpose-specific taxes—raising the bar from a simple majority.
The change could cut billions in revenue for cities relying on such taxes, including Los Angeles, where Measure ULA has already generated hundreds of millions.
Though a legislative effort to exempt new housing and wildfire-damaged homes from the tax failed due to complexity, the anti-tax campaign continues, threatening local funding for housing and services.
Los votantes de California pronto pueden decidir sobre límites a los impuestos locales de transferencia de bienes raíces, afectando el financiamiento de la vivienda.