Failed
Result: 34.6% yes, 65.4% no (35,789 votes cast)
The measure would have increased the existing one-time tax on real property sales over $8 million in Santa Monica by adding an incremental tax of $25 per $1,000 of value above $8 million. The tax would have generated an estimated $12-25 million annually through 2033 to fund general city services, with certain exemptions for charitable organizations and ground leases.