How Much Will The Transfer Tax Rise?
The Chicago City Council is considering an ordinance that will increase
the Chicago Real Estate Transfer Tax $3.00/$1000. This tax is on top of
the current $7.50 for the buyer and the current state and county
transfer tax of $1.50 imposed on the seller." REALTORS(R) are opposed
to this measure and we ask you to call your alderman today to tell them
to vote no to a CTA Transfer Tax Increase. Click Here to contact your alderman.
Under the proposed Real Estate Transfer Tax increase to fund the CTA Pension Fund, Transfer Taxes will increase by over 40%. To see what this would mean for you, enter your home's value in our Transfer Tax Calculator, and see just how important it is to fight this increase. Please enter the price of your property leaving out commas.
|
