What Does Measure ULA Do
- Impose a 4% tax on real property sales or transfers valued at over $5,000,000 but less than $10 million
- Impose a 5.5% tax on real property sales or transfers valued at $10,000,000 or more
- Annually adjust the property value thresholds based on the Chained Consumer Price Index
- The special tax imposed is in addition to the existing 0.56 percent combined City and County tax rate on property sales and transfers
- The ordinance has passed, and the tax will be enforced for sales beginning on April 1, 2023.
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