were among those selling homes in the days leading up to April 1. A representative for Pitt declined to comment, while representatives for Wahlberg did not respond to a request for comment.to get clients to close sales before April 1.“To me, that is the ultimate in selfishness,” Dreier said. “Giving away a luxury car to avoid a tax that will help people that sleep in their car.”
“That property is worth a little bit more,” Revelins said. “But if we listed it at $5.2, they would have to pay $200,000″ in taxes, money that Revelins says the city would squander. “I truly think that it goes with good intentions,” Stark said. “But I feel like the way in which they’re doing this is actually going against their goals because it’s making it cost prohibitive to sell properties that are $5 million or more.”In addition to the ongoing litigation, California voters will vote on a 2024 ballot initiative that would give them greater say over taxation in the state, and require two-thirds support for local tax increases, retroactive to Jan. 1, 2022.