M E A S U R E U L A
EFFECTIVE April 2023
Will this affect you? Yes, if your home will sell for over $5MIL in Los Angeles.
The transfer tax of 0.55% is changing for properties.
$5MIL - $9,999,999 will increase to 4%
$10MIL + will increase to 5.5%
Currently, transfer tax on a $5MIL home is $27,500. As of April 2023, the transfer tax on the same home will be $200,000. The transfer tax on a $10,000,000 home will be $550,000 effective April 2023.
This is significant. If you are concerned and think it might be time to sell now, schedule an appointment to discuss so you can make the best financial decision for your family.
For a downloadable informational document on Measure ULA click here.