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New Parcel Taxes Could Raise Costs. Join Our Member Town Hall.

Two proposed parcel taxes on the November 3 ballot could bring new annual expenses to commercial properties in Pasadena and Culver City. Join BOMA/GLA’s virtual Member Town Hall on Wednesday, October 21, from 1–2 p.m. to learn about potential costs, campaign updates, and ways to respond before Election Day. Registration is complimentary for all membership types.

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New Culver City Parcel Tax Measure Heads to November Ballot

Culver City

The Culver City City Council has voted to place a new parcel tax measure to support public schools on the November ballot. If approved by voters, it could significantly increase costs for commercial property owners. The measure would apply a $0.48 per building square foot annual parcel tax on all real estate parcels, including commercial properties, for the next 10 years.

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What Los Angeles’ ULA Decision Means

Split Roll tax

On July 1, the Los Angeles City Council voted unanimously to remove a proposed ballot measure that would have temporarily exempted newly constructed multifamily and mixed-use residential projects from Measure ULA during their first ten years. As a result, there will be no Measure ULA reform measure before voters this November.

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LA Voters Decide Key Tax Measures

Los Angeles voters made several important decisions this month on tax measures that will shape the region’s fiscal landscape and reinforce why BOMA/GLA continues to monitor tax policy at every level of government.

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