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.
Tuesday's vote signals newfound public support for so-called mansion taxes to fund affordable housing and stave off homelessness.
The buyer would pay $6,000 to the city’s affordable housing trust fund.
Santa Fe voters previously shied away from prominent tax initiatives, rejecting a 1% tax on high-end home sales in 2009 and defeating a tax on sugary drinks to expand early childhood education in 2017.
The Santa Fe Association of Realtors has filed a lawsuit aimed at blocking the tax, arguing that it the city overstepped its authority under state law.
Organizations:
SANTA FE, —, Voters, Santa Fe, Santa Fe Association of Realtors
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SANTA, New Mexico's, Santa Fe, Los Angeles, Chicago, Santa