For a Palisades homeowner preparing to sell after the fire, one November vote could change the closing statement by hundreds of thousands of dollars. Proposition TE is on the City of Los Angeles ballot November 3. It would create a limited exemption from Measure ULA, the property transfer tax commonly called the mansion tax, for qualifying residential properties damaged or destroyed in the January 2025 Palisades Fire. The proposal is real. The exemption is not yet law. Eligibility would depend…
MarketLos Angeles
Palisades Fire Survivors Could Save Hundreds of Thousands in LA’s Mansion Tax. Voters Decide November 3.
For a Palisades homeowner preparing to sell after the fire, one November vote could change the closing statement by hundreds of thousands of dollars.
