Los Angeles imposes Measure ULA, a documentary transfer tax on high-value real-property sales effective April 1, 2023. Funds House LA, financing affordable housing and homelessness prevention citywide.
Measure ULA, codified at LAMC §21.9.2, adds a tax on any sale or transfer of real property in Los Angeles where consideration exceeds $5 million. Sales between $5 million and $10 million pay 4 percent; sales above $10 million pay 5.5 percent. The tax stacks on the existing 0.45 percent documentary transfer tax. Limited exemptions exist for qualified affordable-housing developers, nonprofits, and community land trusts. The Office of Finance administers collection at recording. Thresholds adjust annually for inflation starting July 1, 2024.
Failure to pay or under-reporting consideration triggers penalties, interest, and recorder rejection of the deed until the tax is paid in full.
Los Angeles, CA
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