chicago real estate transfer tax: Chicago Real Estate Transfer Tax increase
- 03/22/08 06:14 PM
Chicago Real Estate Transfer Tax increase Chicago increases the city transfer tax on real estate transactions in the city as part of CTA bailout.Effective 1 April 2008 the Chicago Real Estate Transfer Tax will increase to $10.50/$1,000 of purchase price.On March 12, 2008 the City Council amended the tax increase so that the tax increase $3/$1,000) will be imposed on the Seller. Sellers, who now pay combined real estate transfer taxes of $1.50 per $1,000 of sales price to Cook County and the state, will be required to pay an additional $3 per $1,000 to the city beginning April 1.Senior citizens … (8 comments)
Chicago Real Estate Transfer Tax increase ;)
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