The tax on homes sold for more than $1 million is being pitched as a lifeline to teachers, service-sector workers, single parents and young professionals who can't afford local mortgages or struggle to pay rent amid a national housing shortage and the arrival in Santa Fe of high-income digital nomads and affluent retirees.
(AP) Voters are deciding whether to tax mansions to pay for affordable housing initiatives in a state capital city prized for its desert-mountain vistas, vibrant arts scene and stucco architecture rooted in Native American
Proposal to subsidize affordable housing by taxing mansions appears on ballots in New Mexico capital 1010wcsi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1010wcsi.com Daily Mail and Mail on Sunday newspapers.
Voters in Santa Fe, New Mexico, are set to decide whether a tax on homes worth over $1 million should be implemented to help pay for affordable housing initiatives.