Seven Palestinian cars were vandalized overnight at the entrance to the Shuafat neighborhood in Jerusalem.
According to the police, the tires of all seven cars were slashed and the word "Ulpana" was found sprayed on one of them.
The Jerusalem Police have formed a special taskforce to investigate the recent "price tag" incidents.
A similar incident took place in Neve Shalom on Friday, in what is believed to have been a response to government's decision to evict the Ulpana neighborhood in Beit El.
Vandals slashed the tires of 14 cars and the slogans "Revenge," "Death to Arabs" and "Regards from Ulpana" were spray-pained on the vehicles.
Graffiti reading "Regards from Havat Gilad" and "Revenge" were also spray painted on the wall of a local elementary school.
Neve Shalom is a cooperative village that was jointly founded in 1969 by Israeli Jews and Arabs to promote coexistence. It is located about seven kilometers north of Beit Shemesh.
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