US EditionSanta Fe voters approve tax on mansions as housing prices soar
- Santa Fe voters have approved a tax on mansions to fund affordable housing initiatives, generating about $6 million annually for the affordable housing trust fund.
- The tax is aimed at high-end home sales of $1 million or more, with the goal of providing assistance to teachers, service-sector workers, single parents, and youth professionals who struggle with housing costs.
- The Santa Fe Association of Realtors has filed a lawsuit against the tax, arguing that it extends beyond the city's authority.
7 Articles
7 Articles
'Truly, we're in a crisis': Santa Fe voters add momentum to 'mansion taxes' by approving levy on home sales over $1 million to fund affordable housing
The ballot measure was pitched as a lifeline to teachers, service-sector workers, and single parents who can't afford local mortgages or struggle to pay rent.
Santa Fe voters approve tax on mansions as housing prices soar
By MORGAN LEE Associated Press SANTA FE, N.M. (AP) — Voters have approved a tax on mansions to pay for affordable housing initiatives in New Mexico’s capital city of Santa Fe. Uncertified election results on Wednesday show that nearly three-fourths of ballots were cast in favor of the new tax on home sales of over $1 million, in a city prized for its high-desert vistas, vibrant arts scene and stucco architecture. The ballot measure was pitched a…
Santa Fe voters approve tax on mansions as housing prices soar
By MORGAN LEE Associated Press SANTA FE, N.M. (AP) — Voters have approved a tax on mansions to pay for affordable housing initiatives in the state capital city of Santa Fe. Uncertified election results on Wednesday show nearly three-fourths of ballots were cast in favor of the new tax on home sales over $1 million, in a city prized for its high-desert vistas, vibrant arts scene and stucco architecture. The ballot measure was pitched as a lifelin…
Santa Fe mansion tax approved by voters in landslide
Voters have approved a tax on mansions to pay for affordable housing initiatives in New Mexico's capital city of Santa Fe. Uncertified election results on Wednesday show that nearly three-fourths of ballots were cast in favor of the new tax on home sales of over $1 million, in a city prized for its high-desert vistas, vibrant arts scene and stucco architecture. The ballot measure was pitched as a lifeline to teachers, service-sector workers, sin…
Santa Fe voters approve tax on mansions as housing prices soar
Voters have approved a tax on mansions to pay for affordable housing initiatives in the state capital city of Santa Fe. Uncertified election results on Wednesday show nearly three-fourths of ballots were cast in favor of the new tax on home sales over $1 million, in a city prized for its high-desert vistas, vibrant arts scene and stucco architecture. The ballot measure was pitched as a lifeline to teachers, service-sector workers, single parents…
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