What Does Measure GS Do

• The residents of the City Of Santa Monica have approved a new measure to enacted a third tier to its real estate transfer tax structure
• Measure GS is a one-time tax on property sales over $8 million
• The measure will impose a 5.6% tax on real property sales or transfers valued at $8,000,000 or more
• The ordinance has passed, and the tax will be enforced for sales beginning on March 1, 2023

  Read the full details on Measure GS here