City Council passes tax ballot measure to raise money for the homeless

Under the measure, a $1M house would be taxed $40 to $80 a year

TRD LOS ANGELES /
Jun.June 30, 2016 10:00 AM

City Council unanimously approved a ballot measure that would raise up to $1.2 billion to build housing for Los Angeles’ burgeoning homeless population.

The initiative is a property tax levied on both residential and commercial properties. City analysts say a $1 million house, for instance, would be taxed between $40 to $80 a year under the measure.

Either property owners or their tenants are subject to pay the tax, with the exception of rent-stabilized tenants. For property that falls under the city’s rent stabilization ordinance, landlords cannot charge the residents the tax and must pay it themselves, the Los Angeles Daily News reported.

In order for the measure to pass, two-third of voters in the November election must vote in support of it. The council members voted 14-0 Wednesday. If city voters do approve come autumn, at least 10,000 affordable housing units will be built.

City Council is also considering other ways of raising money for the homeless, including a parcel tax as an alternative to the bond measure and other revenue stream ballot measures.

The property tax initiative, however, “is the best way that’s available,” Council member Marqueece Harris-Dawson told reporters.

L.A. County has a homeless population of 46,874 — a 5.7 percent increase from 2015. [LADN]Cathaleen Chen


Related Articles

arrow_forward_ios
LOS ANGELES, USA - AUGUST 28, 2017: A row of tents and things of homeless people in Downtown LA. There are over 30 000 homeless living in the city of Los Angeles. Editorial.

Homelessness spikes in LA despite booming economy

Homelessness spikes in LA despite booming economy
Experiment could become a model for how LA deals with its homeless problem

Experiment could become a model for how LA deals with its homeless problem

Experiment could become a model for how LA deals with its homeless problem
Los Angeles (Credit: Pixabay)

City to make it easier to move homeless into motels, build supportive housing

City to make it easier to move homeless into motels, build supportive housing
LA County homeowners could receive up to $75k to house homeless

LA County homeowners could receive up to $75k to house homeless

LA County homeowners could receive up to $75k to house homeless
Skid Row Housing Trust plans 81-unit affordable housing complex in DTLA

Skid Row Housing Trust plans 81-unit affordable housing complex in DTLA

Skid Row Housing Trust plans 81-unit affordable housing complex in DTLA
LA’s homeless population grew by 23% last year

LA’s homeless population grew by 23% last year

LA’s homeless population grew by 23% last year
Panel conflicted over how to distribute Measure H funds

Panel conflicted over how to distribute Measure H funds

Panel conflicted over how to distribute Measure H funds
LOS ANGELES, CA - SEPTEMBER 23:  A homeless man September 23, 2015, in the skid row section of Los Angeles, California. Mayor Eric Garcetti and City Council members declared public emergency, the first city in the nation to take drastic step in response to increase in homelessness and that they're ready to spend $100 million per year to fight it. (Photo by Kevork Djansezian/Getty Images)

DTLA residents vote against forming Skid Row council

DTLA residents vote against forming Skid Row council
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...