Your guide to Proposition TE: Exempting fire victims from the 'mansion tax'

Proposition TE proposes a five-year exemption from L.A.'s mansion tax for Pacific Palisades homes damaged or destroyed by wildfire, sparing sellers significant transfer fees. It applies to all residential properties sold within five years of the fire, including those owned by landlords and investors. Supporters cite fairness for fire victims facing insurance shortfalls, while critics warn it creates a loophole for the wealthy and reduces funding for homeless and affordable housing programs.