Mayor Sue Himmelrich has launched a campaign for a ballot measure that would dramatically hike Santa Monica's transfer tax on "high end" real estate to help fund "homelessness prevention" and build affordable housing.

The proposed tax measure -- which also would help fund the local School District -- would charge a real estate transfer tax of $53 per $1,000 on properties valued at $8 million or more, primarily apartments and commercial properties.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/March-2022/03_31_2022_Mayor_Launches_Campaign_to_Hike_Luxury_Real_Estate_Tax.html