TOGETHER WE CAN ELIMINATE REAL ESTATE TRANSFER TAXES LIKE MEASURE ULA
TOGETHER WE CAN ELIMINATE REAL ESTATE TRANSFER TAXES LIKE MEASURE ULA
Help Support the Local Taxpayer Protection Act, A Statewide Ballot Initiative Created by the Howard Jarvis Taxpayers Association
Special interest groups are pushing cities across California to significantly increase real estate transfer taxes – in other words, a sales tax on the price of a home or other property – to bolster municipal budgets. Excessive transfer taxes are damaging real estate markets. Some of the worst examples include San Francisco (6.0%), Los Angeles (5.5%), Santa Monica (5.6%), and Culver City (4.0%).
The Local Taxpayer Protection Act (LTPA), a proposed California constitutional amendment collecting signatures for placement on the November 2026 California ballot, is designed to provide substantial relief from these excessive taxes in three ways:
- Restores the two-thirds vote threshold to pass dedicated special taxes.
- Caps real estate transfer taxes at $1.10 per $1,000 in property value.
- Sunset any real estate transfer taxes that exceed the cap in 2029.
See The Local Taxpayer Protection Act email petition packet, which contains a blank petition form, detailed instructions on how to complete and return the petition, and a campaign remittance form available here: Link to PDF Here.
Please also click on the following link for a video with instructions on how to fill out the petition: https://www.localtaxpayerprotection.com/petition.
You can download petitions online as well at www.SaveProp13.com.
Please join the California Taxpayers Association, Howard Jarvis Taxpayers Association, California Business Roundtable, Apartment Association of Greater Los Angeles and California Business Properties Association to help qualify this important initiative for the ballot by returning your signed petition today. Your signed petitions and financial support are vital to restoring these taxpayer protections in California.
Important Disclaimer: The information and materials provided during this presentation is for general information purposes only. Absolutely no legal or tax advice is being given during this presentation. Keep in mind that every situation is unique, and the laws, rules and regulations are subject to change at any time. So, before acting, be sure to obtain tax and/or legal advice from your licensed professional.