Home Celebrity Homes The year of the 'mansion tax': Hundreds of millions raised, but a chill to L.A.'s luxury market

The year of the 'mansion tax': Hundreds of millions raised, but a chill to L.A.'s luxury market

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The year of the 'mansion tax': Hundreds of millions raised, but a chill to L.A.'s luxury market

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The “mansion tax” has raised roughly $215 million in its first year. Advocates say the tax helps address L.A.’s housing crisis, but critics claim it has frozen the real estate market.

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