Inglewood, California, Measure I, Real Estate Tax (November 2021)
| Inglewood Measure I | |
|---|---|
 | |
| Election date November 2, 2021 | |
| Topic Local real estate transfer tax and City tax | |
Status Defeated | |
| Type Referral | Origin Lawmakers |
Inglewood Measure I was on the ballot as a referral in Inglewood on November 2, 2021. It was defeated.
A “yes” vote supported authorizing an additional tax on real estate of 4.5% on amounts over $10,000,000, 3.5% on amounts between $2,500,000.01-$10,000,000, 1.75% on amounts between $1,100,000.01-$2,500,000, and keeping the existing 0.055% rate for sales under $1,100,000.01, thereby generating an estimated $3.5 million in annual general fund revenue. |
A “no” vote opposed authorizing an additional sales tax on real estate, thereby keeping the existing 0.055% rate for real estate sales. |
A simple majority vote was required for the approval of Measure I.
Election results
|
Inglewood Measure I |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 4,736 | 47.51% | ||
|
|
5,232 | 52.49% | ||
Text of measure
Ballot title
The ballot title for Measure I was as follows:
| “ | Shall the measure to maintain emergency response, paramedics, fire protection, public safety/health, address homelessness, ease traffic, provide general services by increasing the tax on sales of real estate to 4.5% on amounts over $10,000,000, 3.5% on amounts between $2,500,000.01-$10,000,000, 1.75% on amounts between $1,100,000.01-$2,500,000, keeping the existing 0.055% rate for sales under $1,100,000.01, providing $3,500,000 annually until ended by voters, with required public disclosure, audits, be adopted? | ” |
Full Text
The full text of this measure is available here.
Support
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Opposition
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Path to the ballot
This measure was put on the ballot through a vote of the City Council of Inglewood.
See also
External links
Footnotes
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