To protect essential services including addressing homelessness, cleaning beaches/parks, public safety/ fire/ emergency response, protections for tenants and seniors, supporting libraries, small business recovery, food for the hungry, and after-school/ mental health services for youth, shall the City of Santa Monica increase the one-time real estate transfer tax paid on each sale of property for $5 million or more by $3.00 per $1,000 of sales price, exempting affordable housing projects, providing $3 million annually for local services?
2, Los Angeles County • 2020 • Measure
Passed
Result: 71.9% yes, 28.1% no (50,733 votes cast)
AI-generated plain-language summary
This measure increased Santa Monica's real estate transfer tax by $3.00 per $1,000 of sales price on properties selling for $5 million or more, with affordable housing projects exempted. The tax increase was projected to generate approximately $3 million annually for various city services.