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Culver City, California, Measure RE, Property Transfer Tax (November 2020)

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Culver City Measure RE
LocalBallotMeasures Final.png
Election date
November 3, 2020
Topic
Local property tax and City tax
Status
Approveda 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

Approved Yes

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affordable housing, and first transfer of new multi-family properties, and providing $6,000,000 annually until repealed, be adopted?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

See also: Laws governing local ballot measures in California

This measure was put on the ballot through a vote of the governing body of Culver City.


See also

External links

Footnotes