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City of Los Angeles · Property transfer tax

Measure ULA: "Mansion tax"

Housing and homelessness prevention, split 70% to an Affordable Housing Program (building, buying and preserving affordable homes, homeownership help, operating support) and 30% to a Homelessness Prevention Program (emergency rent help, income support for seniors and people with disabilities, eviction defense, tenant outreach and anti-harassment).

StatusIn effect
RateTax on City property sales over about $5 million
Money per year—
Approved by votersNovember 8, 2022
In effectSince Apr 1, 2023
EndsNo end dateThe tax has no sunset. Its thresholds adjust each year; for sales closing after June 30, 2026 they are $5.4 million (4%) and $10.9 million (5.5%). No ULA change is on the November 3, 2026 ballot, and Proposition 43 would leave existing taxes, including ULA, in place. Source
Background and sources

The money goes into the City's House LA Fund. The fund's budget includes money carried over from earlier years, so it can be larger than one year's collections.

Sources (4)

Written into the measure

Allocations in the measure

Affordable Housing Programshare of the money 70%

Homelessness Prevention Programshare of the money 30%

Latest amounts

Current figures

FY 2025-26 adopted$910MCity of LA House LA Fund (Measure ULA)
Explanation

The fund's full budget for the year. It includes money carried over from earlier years as well as new receipts.

Source: FY 2026-27 Proposed Budget, Supporting Information

FY 2026-27 proposed$1.02BCity of LA House LA Fund (Measure ULA)+11.6% vs FY 2025-26
Explanation

Revenue collected

Monthly receipts

No monthly receipts entered yet

The Housing Department's ULA Revenue Dashboard shows monthly revenue since April 1, 2023, by property type and ZIP code.

Public reporting

Program dashboards

11 of 12 programs or reports have no public dashboard Tally LA could find (checked Oct 28, 2026).

ProgramDashboard?What it shows or lacks
ULA Revenue Dashboard
Whole measure
✓ Exists
LA Housing Department
Monthly revenue by property use, transaction type and ZIP code Open →
Multifamily Affordable Housing
70% housing
✕ None found No public dashboard found of awards, units or spending.
Alternative Models for Permanent Affordable Housing
70% housing
✕ None found No public dashboard found.
Acquisition and Rehabilitation of Affordable Housing
70% housing
✕ None found No public dashboard found.
Homeownership Opportunities
70% housing
✕ None found No public dashboard found.
Capacity-Building
70% housing
✕ None found No public dashboard found.
Operating Assistance
70% housing
✕ None found No public dashboard found.
Short-Term Emergency Assistance (ULA Emergency Renters Assistance)
30% prevention
✕ None found
LA Housing Department
Program page only. No public numbers on households helped or dollars paid. Program page →
Income Support Program (seniors and people with disabilities)
30% prevention
✕ None found
LA Housing Department
Program page only. Program page →
Eviction Defense and Prevention
30% prevention
✕ None found
LA Housing Department
Program page only. No ULA-specific results dashboard found. Program page →
Tenant Outreach and Education
30% prevention
✕ None found No public dashboard found.
Protections from Tenant Harassment
30% prevention
✕ None found No public dashboard found.

Promise tracker

Measure ULA ("mansion tax")

City's first estimate, per year (later lowered to about $672M): $900M. Raised in its first year (Apr 2023 to Apr 2024): $215M.

All promises →

Follow the tax

From the register to results

Collected. Paid when high-value property sells in the City. The Housing Department's ULA Revenue Dashboard shows where it is raised. $1.03B through November 2025.

Allocated. Split across eight programs: renter assistance and education, eviction defense, homeownership help and affordable housing construction.

Spent. Some programs have dashboards. The Controller found ULA tenant-program approvals delayed and affordable-housing projects taking up to three years to approve.

Outcomes. No single public measure ties ULA dollars to homes built or evictions prevented. The Council asked for outcome reports in April 2026.

All traces →