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Santa Monica, California, Measure SM, Property Transfer Tax (November 2020)
| Santa Monica Measure SM | |
|---|---|
 | |
| Election date November 3, 2020 | |
| Topic Local property tax and City tax | |
Status Approved | |
| Type Referral | Origin Lawmakers |
Santa Monica Measure SM was on the ballot as a referral in Santa Monica on November 3, 2020. It was approved.
A “yes” vote supported authorizing an increase to the property transfer tax for sales of $5 million or more by $3 per $1,000 of the sales price generating an estimated $3 million per year for essential services including addressing homelessness, parks and beaches maintenance, public safety, emergency response, senior and tenant protections, libraries, small businesses, food for the hungry and youth programs. |
A “no” vote opposed authorizing an increase to the property transfer tax for sales of $5 million or more by $3 per $1,000 of the sales price generating an estimated $3 million per year for essential services including addressing homelessness, parks and beaches maintenance, public safety, emergency response, senior and tenant protections, libraries, small businesses, food for the hungry and youth programs. |
A two-thirds (66.67%) vote was required for the approval of Measure SM.
Election results
|
Santa Monica Measure SM |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
36,465 | 71.88% | ||
| No | 14,268 | 28.12% | ||
Text of measure
Ballot title
The ballot title for Measure SM was as follows:
| “ | To protect essential services including addressing homelessness, cleaning beaches/parks, public safety/ fire/ emergency response, protections for tenants and seniors, supporting libraries, small business recovery, food for the hungry, and after-school/ mental health services for youth, shall the City of Santa Monica increase the one-time real estate transfer tax paid on each sale of property for $5 million or more by $3.00 per $1,000 of sales price, exempting affordable housing projects, providing $3 million annually for local services? | ” |
Path to the ballot
This measure was put on the ballot through a vote of the governing body of Santa Monica.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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