Yesterday, a proposed resolution to the real estate transfer tax was introduced to City Council that would raise the real estate transfer tax on properties over $1 million. In October, City Council will vote on whether the resolution will end…
Over the last few months, the Chicago Association of REALTORS® Government Affairs team has been working to educate City Council members about the negative ramifications of an increase in the transfer tax. On Monday, November 14, there was a scheduled…
TRANSFER TAXES BACK IN THE NEWS The Real Estate Transfer Tax is imposed when titled real estate property is transferred within the city of Chicago. This spring, the Bring Chicago Home proposal called to more than triple the transfer tax…
On Tuesday, September 3, we held our monthly “Coffee with Your GADs” chat, where members join our Government Affairs Directors for an informal discussion about policy and politics impacting the real estate industry. This is an opportunity for members to…