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Culver City, California, Measure RE, Property Transfer Tax (November 2020)
| Culver City Measure RE | |
|---|---|
 | |
| Election date November 3, 2020 | |
| Topic Local property tax and City tax | |
Status Approved | |
| Type Referral | Origin Lawmakers |
Culver City Measure RE was on the ballot as a referral in Culver City on November 3, 2020. It was approved.
A “yes” vote supported authorizing an increase to the established property transfer tax from a flat-rate of 0.45% to 0.45% on amounts of $1,499,999 or less, 1.5% on amounts of $1.5 million - $2,999,999, 3% on amounts of $3 million - $9,999,999, 4% on amounts of $10 million or more, and 0.45% on sales of 100% affordable housing, generating an estimated $6 million per year for essential services including parks, street maintenance, addressing homelessness, youth services, senior services and economic recovery. |
A “no” vote opposed authorizing an increase to the established property transfer tax from a flat-rate of 0.45% to 0.45% on amounts of $1,499,999 or less, 1.5% on amounts of $1.5 million - $2,999,999, 3% on amounts of $3 million - $9,999,999, 4% on amounts of $10 million or more, and 0.45% on sales of 100% affordable housing, generating an estimated $6 million per year for essential services including parks, street maintenance, addressing homelessness, youth services, senior services and economic recovery. |
A simple majority was required for the approval of Measure RE.
Election results
|
Culver City Measure RE |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
11,510 | 51.89% | ||
| No | 10,671 | 48.11% | ||
-
- Results are officially certified.
Text of measure
Ballot title
The ballot title for Measure RE was as follows:
| “ | Shall the measure to maintain essential services, including deferred parks/facilities/street maintenance, addressing homelessness, after-school/senior services, and economic recovery, by increasing the one-time 0.45% tax on real property sales, adding 1.5% on amounts from $1,500,000 to $2,999,999, 3% on amounts from $3,000,000 to $9,999,999, and 4% on amounts $10,000,000 and above, except for sales under $1,500,000, affordable housing, and first transfer of new multi-family properties, and providing $6,000,000 annually until repealed, be adopted? | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
This measure was put on the ballot through a vote of the governing body of Culver City.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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