An initiative that would raise taxes on property sales north of $5 million will likely go before voters in the city of Los Angeles this fall.

Proponents of a “documentary transfer” tax last week submitted far more than the roughly 65,000 valid voter signatures needed to qualify the measure for the November ballot.

---

This resource contains member-only content

CAA members have access to compliance forms, educational tools, and extended news resources related to this topic.

---