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Freddie Freeman lost $2M on his home sale due to California’s 4%-5.5% property tax on high-value sales.
Los Angeles Dodgers first baseman Freddie Freeman reportedly lost $2 million on his home sale due to California’s Measure ULA, a 2022 voter-approved real estate transfer tax that imposes 4% to 5.5% fees on properties valued at $5.3 million or more, regardless of profit or loss.
Critics say the tax, intended to fund homelessness and housing programs, discourages development, reduces housing supply, and affects commercial and damaged properties, with opponents arguing it was crafted by special interests to bypass higher approval thresholds.
The courts have upheld the law despite concerns over its economic impact.
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Freddie Freeman perdió $2 millones en la venta de su casa debido al impuesto de propiedad del 4% al 5.5% de California en ventas de alto valor.