Brock's measure would charge a real estate transfer tax of $15 per $1,000 on commercial properties that sell for more than $8 million, with the tax applying only to the amount above that threshold.

Himmelrich's proposed tax would charge $53 per $1,000 on all properties valued at $8 million or more, with the entire amount taxed.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/May-2022/05_26_2022_Brock_Proposes_Alternative_Transfer_Tax.html