FYI for all of you that own a property in Santa Monica, or know - TopicsExpress

FYI for all of you that own a property in Santa Monica, or know people who do, you should be aware of Measure H which is on the ballot for the November 4 elections. This measure will triple the transfer tax charged by the city for properties that sell for over $1 million from $3/$1,000 to $9/$1,000. So a property that sells for $5MM will be charged $45,000 by the city, on top of $5,500 charged by the county. California Association of Realtors is sponsoring and funding “No on Measure H”.

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