Pacific Palisades residents could be in for relief from Measure ULA as Angeles Mayor Karen Bass presses the City Council to move forward on a temporary pause of the so-called “mansion tax.” The request marks the first major move at the municipal level to adjust the tax’s parameters, and follows months of talk about ULA’s impact on the Palisades post-wildfires real estate market. An announcement of the request by the mayor’s office indicated that the pause would not be citywide, providing a “one-time exemption to Measure ULA for Palisade homeowners.” Measure ULA’s two-tiered tax on commercial and residential transactions has […]
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