Wealthy Los Angeles homeowners with an eye on selling their homes are reeling over a new “mansion tax” that could put them on the hook for millions of dollars as part of an effort to aid the homeless, realtors say.

Recommended Stories

Los Angeles homelessness figures severely undercounted, report finds

‘Hotels could become akin to homeless shelters’ if Los Angeles measure passes

Los Angeles ‘mansion’ tax unsurprisingly backfires