California implemented a new mansion tax earlier this year on property sales above certain thresholds.
The tax applies to property sales exceeding $5M, with a 4% rate, and surpassing $10M, with a 5.5% rate.
![](https://resellingla.com/wp-content/uploads/2024/01/image_177570_27168.jpg)
California implemented a new mansion tax earlier this year on property sales above certain thresholds.
The tax applies to property sales exceeding $5M, with a 4% rate, and surpassing $10M, with a 5.5% rate.