Dodgers’ first baseman loses $2M on home sale after taxes

(The Center Square) – Selling a high-value property in Los Angeles? Tax experts advise caution: You could be in the same boat as Los Angeles Dodgers star Freddie Freeman.

The first baseman recently sold his Los Angeles home and lost $2 million due to fees and taxes.

Susan Shelley, vice president of communications at Howard Jarvis Taxpayers Association, blames an initiative tax known as Measure ULA that citizens got on the ballot in 2022 and managed to get approved.

Howard Jarvis is suing, but so far, the courts have upheld the tax.

“This is a transfer tax, a real estate transfer tax, to benefit homelessness and other kinds of services regarding housing or anti-eviction measures things like that, and the groups that get the contracts to do those things are the ones who paid for the initiative to pass this tax,” Shelley told The Center Square. “They called it a mansion tax, but it’s not just on mansions. It’s also on commercial real estate, apartment buildings, shopping centers, grocery stores, ho...