taxes – LA Loft Blog

CA taxes to go from way too high to extremely way, way too high — unless you vote no.

REAL ESTATE NEWS (Los Angeles, CA) — The L.A. Loft Blog has joined the California Association of REALTORS® in opposing Senate Bill 1105 (Hueso) and Senate Bill 679 (Kamlager), each of which creates an unelected agency with the power to impose a range of new property taxes. Those taxes would make keeping and getting into a home more expensive and difficult, potentially taxing people out of their homes and pushing homeownership out of reach for many of California’s working families. We need YOUR help to STOP these bills! We ask you to TAKE ACTION NOW!

SB 1105 grants vast, unchecked, taxing and bonding authority to an unelected Housing Agency Board in San Diego which would consist of 6 appointed representatives, serving 4-year terms that can by resolution, or initiative, impose: special taxes on real property; a parcel tax; a gross receipts business license tax; a special business tax; a documentary transfer tax; a special land value windfall tax, or a commercial linkage fee.

The proposed Agency requires revenues generated to assist in the construction of housing broadly defined. Revenue which could go to large developers of rental homes and no restrictions on the agency purchasing single family homes which could then further limit the opportunities for home ownership. The costs of solving California’s housing problems should not be placed on working Californians struggling to stay afloat and keep their homes in a tough economic environment, especially when there is a 97 billion dollar state surplus.

Similar to SB 1105, SB 679 would establish a local Housing Agency in LA with a 19 member “governing board” to raise revenues through: a parcel tax; gross receipts business license tax; a document transfer tax, or the issuance of bonds to fund affordable housing preservation (acquiring, rehabilitating, deed restricting, etc.).

Here’s how you can help! — Ask your friends and family to TAKE ACTION! And continue re-posting on social media! We are stronger together and your voice will help us defeat SB 1105 and SB 679. For questions, please contact notax@laloftblog.com

Sincerely,

The L.A. Loft Blog, The REALTOR® Party of California and the CALIFORNIA ASSOCIATION OF REALTORS ( This communication was originally sent by: REALTOR® Party of California. 500 New Jersey Ave NW | Washington | DC | 20001 )

Save money on property taxes by living in an amazing historic Mills Act loft condo unit! Fill out the online form:

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The tax man cometh in California — unless we tell him to go away.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Reali, Inc, CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Because it’s worth it, according to Forbes. After decades of high taxes, things got worse in 2012, and then worse still in 2018. California can assess taxes no matter where you live, so those who want to avoid the aggressive California Franchise Tax Board should be sure to know the rules. Of course, billionaires don’t always care because they have the resources to protect money, or to easily pay any tax.

As the entertainment capital of the world, Los Angeles has unlimited restaurants, shopping and recreation venues. But do we have enough time and money to make it all worthwhile? How much money is left for fun after paying for expenses and taxes?

Most U.S. states have lower income taxes and lower costs of living than CA. These are among the top reasons why many Californians have been moving out of the state. Seven states have no income tax at all, and five states have no sales tax. Nevada and Arizona have been popular destinations for former Californians seeking lower taxes and lower costs of living. | VIDEO

Now that real estate markets a bit expensive and shrinking, many CA home owners are staying put or moving away. The wealthy always have a choice because they can afford any possibility.

Billionaires seem to always seem to find plenty of ways to get a break on their taxes. The average reader of the L.A. Loft Blog has a larger income, along with tremendous smarts. We want to readers to continue to grow and prosper no matter what, so here’s a link to billionaire Tilman Fertitta, star of CNBC’s Billion Dollar Buyer, revealing how he creates billions of dollars of value.

Find out how much your home is worth.

Get a free list of recently sold homes.

Fill out my online form.

<a href="https://laloft.wufoo.com/forms/m18s446g10idllz/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

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Los Angeles is lots of fun, but expensive.

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Tag: taxes

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