Santa Fe mansion tax approved by voters in landslide

Posted on AllSides November 8th, 2023
From The Right

• Voters in Santa Fe, New Mexico, have approved a tax on home sales worth over $1 million. • New Mexico's capital city anticipates that the tax will generate $6 million in annual revenue for its affordable housing trust fund. Voters have approved a tax on mansions to pay for affordable housing initiatives in New Mexico's capital city of Santa Fe. Uncertified election results on Wednesday show that nearly three-fourths of ballots were cast in favor of the new tax on home sales of over $1 million, in a city...

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