A mason works on an adobe-brick wall in on a residential lane lined with multimillion-dollar homes in Santa Fe, N.M., on Friday, Nov. 3, 2023. 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 and Spanish-colonial tradition. (AP Photo/Morgan Lee)
November 5, 2023
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Santa Fe considers tax on mansions as housing prices soar
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.