Measure ULA under scrutiny as Bass considers temporary pause

Los Angeles Mayor Karen Bass is reportedly looking into what’s been a sore spot for real estate since 2023: Measure ULA. The 2022 ballot measure, often called the “mansion tax,” applies a tiered assessment to residential and commercial sales within the city. The tax is adjusted each year to account for changes in consumer spending. […]This article originally appeared on The Real Deal. Click here to read the full story.