Shall the measure to maintain essential services, including deferred parks/facilities/street maintenance, addressing homelessness, after-school/senior services, and economic recovery, by increasing the one-time 0.45% tax on real property sales, adding 1.5% on amounts from $1,500,000 to $2,999,999, 3% on amounts from $3,000,000 to $9,999,999, and 4% on amounts $10,000,000 and above, except for sales under $1,500,000, affordable housing, and first transfer of new multi-family properties, and providing $6,000,000 annually until repealed, be adopted?
2, Los Angeles County • 2020 • Measure
Passed
Result: 51.9% yes, 48.1% no (22,181 votes cast)
AI-generated plain-language summary
This measure increased Los Angeles' real property transfer tax with a tiered structure, raising rates to 1.5% on sales between $1.5-3 million, 3% on sales between $3-10 million, and 4% on sales above $10 million, while exempting sales under $1.5 million, affordable housing, and first transfers of new multi-family properties. The measure was expected to generate $6 million annually to fund city services including parks maintenance, homelessness programs, and after-school services.