Posts Tagged ‘Tax’
2026 California propositions voter guide: Billionaire’s tax, voter ID, homebuyers’ money, tax hike limits
California voters will decide 14 statewide propositions in the Nov. 3 election, measures placed on the ballot mostly by either powerful interest groups or lawmakers that will affect the lives of millions of Californians.While a proposed tax o...
NY City Council Freezes Delinquent Property Tax Interest
This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here.Hello, let’s get into the latest news at the intersection of policy and real estate: The City Council kept interest rates ...
Sacramento Spikes Ballot Measure to Kill LA Mansion Tax
First you see a measure to kill L.A.’s controversial mansion tax heading toward the November ballot. Then poof: you don’t.The proposed ballot measure to eliminate Measure ULA and similar real estate transfer taxes across the state was pulle...
Voters nearly had a chance to gut the ‘mansion tax.’ Now, L.A. approves $544 million in spending
The Los Angeles City Council on Friday approved a plan to spend $544.3 million collected from Measure ULA, the so-called “mansion tax” that levies a transfer tax on L.A. property sales above $5.3 million.The spending plan, set to be doled ...
Capital Gains Tax Discourages Owners From Selling, Senate Hears
The Senate heard testimony on Tuesday regarding federal taxes on the profits from home sales, which industry advocates say could be discouraging millions of homeowners from selling.Kevin Brown, president of the National Association of Realtors...
Study Estimates $177 Million Hit to Mansion Tax
A proposed ballot measure to create aggressive carveouts to the city’s Measure United to House L.A. tax is going through the ringer — following the release of a study which estimated changes to the tax could cut its revenue by 35 percent, o...
The ‘Exit Tax’ That Can Make Vacant Homes Worth Holding
In a normal market, an empty home is a wasting asset: Equity sits trapped, no rent comes in, and the owner keeps paying property taxes, insurance, maintenance, utilities, and fees. But the math has started to bend the other way in some markets,...
Would Lotto Winner Edwin Castro Get Hit With California Billionaire Tax?
California resident Edwin Castro is the biggest lottery winner of all time, after hitting a $2.04 billion Powerball jackpot in 2022. But would he be liable under a proposed California law to tax the wealth of billionaires?The answer, it turns o...
