WHAT YOU NEED TO KNOW ABOUT THE MANSION TAX
Described as the "mansion tax" by its backers, Measure ULA would fund affordable housing and tenant assistance programs in Los Angeles through a tax on real property transfers over $5 million. All sales or transfers of real property exceeding $5 million would pay a 4% tax on the sale price, increasing to 5.5% on the sale of real property $10 million or more. This tax would not expire and could only be ended by the voters.
A recent article by the LA Times states Caruso and Bass do not support this measure, noting "Both appear to think that backing the tax is bad politics when Angelenos are frustrated with how past money has been spent to address homelessness, even as many feel the crisis has worsened." In our recent questionnaire, Traci Park remained undecided on this tax and Erin Darling is in favor of this tax.
Many homes in our area will be affected by this tax. 72% of our members have lived in Brentwood for 20 years or more, while 88% have lived here more than 10 years, witnessing great appreciation in the value of their home. For those whose home is their single biggest asset and the sale a source of funds for retirement, the tax would reduce profits by $200,000 on a $5 million sale (this tax is based on the sale price, not the net proceeds after mortgages and other taxes are paid).
LA TIMES SAYS NO ON PROPOSITION SP
Proposition SP would impose an $.84 per square foot tax on residential and commercial buildings to help fund parks, recreational centers, pools, playgrounds, waterways, beaches, green spaces, open spaces, childcare and other facilities, and increasing park equity in the City of Los Angeles. In considering whether or not to vote for it, the LA Times shared this opinion:
There is a need for more money to keep the city’s parks from falling into ruin and to develop new recreational facilities. But the language of Proposition SP lacks any detail or funding distribution plan that would ensure the money addresses those needs.
FREQUENTLY ASKED QUESTIONS
All registered voters will receive a Vote By Mail.
Here's what to do if you...
If the signature on your Vote by Mail return envelope doesn't match what is in the voter registration database the County will notify you by mail and ask you to complete and return the Signature Verification Statement.
Your signature is required to verify your identity and process the ballot.
Forgot to Sign the Envelope for your Vote by Mail Ballot?
If you returned your Vote by Mail ballot without signing the return envelope the County will mail you a document called the "Unsigned Ballot Statement" asking for your signature. Your signature is required to verify your identity and process the ballot.
Fire Safety Tips
Protect yourself and your family from the ever-present danger in our hillside community. Learn more about what you can do with these safety tips compiled by BHA or watch our 2020 Fire Safety Town Hall. For additional resources, please visit https://www.lafd.org/wildfire.
Read Our Newsletter
All members should have received our newsletter in the mail by now. You can read it here.
Interested In Joining The BHA Board?
Meetings are held the third Tuesday of each month. Click here to register for our December meeting.
Email firstname.lastname@example.org for more information.
Missed the Annual Meeting featuring the first CD11 candidate forum with all seven candidates who qualified for the ballot? You can watch the event, moderated by Josh Haskell of ABC7 Eyewitness News, HERE.
November 3, 2021. Town Hall on homeless outreach with the Los Angeles Police Department and the Los Angeles Sheriff’s Department. You can see the entire Town Hall here. Local news coverage by CBS, NBC, and Spectrum News.