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Jennifer Lopez and Ben Affleck are poised to lose money on the sale of their $60 million Beverly Hills home thanks to the mansion tax

^{Published on 2025-05-08 13:49:42 - Fortune}

- The divorced celebrity couple is getting a double whammy of a price drop plus the mansion tax.

Jennifer Lopez and Ben Affleck are facing a potential financial loss on their Los Angeles mansion due to a new mansion tax, known as Measure ULA, which imposes a 4% tax on property sales above $5 million and a 5.5% tax on sales above $10 million. The couple purchased the mansion for $60.85 million in June 2023, and if they sell it for the same amount, they would owe approximately $2.4 million in taxes. Real estate experts suggest that the tax could deter high-end property sales, potentially leading to a decrease in property values, which could result in Lopez and Affleck selling their home for less than they paid, exacerbating their financial loss.

Read the Full Fortune Article at:
[ [ https://fortune.com/article/jennifer-lopez-ben-affleck-losing-money-los-angeles-mansion-tax/ ] ]

N@N

Jennifer Lopez and Ben Affleck are poised to lose money on the sale of their $60 million Beverly Hills home thanks to the mansion tax