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Chicago RE with Julie

Chicago, Illinois

A consumer-centric real estate blog with articles, tips, and tools geared for buyers, sellers and the curious.

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Chicago RE with Julie

Proposed Hike in Property Taxes in Chicago

Feb. 4, 2008
Categorized in: Homeownership
Chicago has a new tax on the horizon. The Governor among others have tried to get this passed in order to help a very troubled CTA pension fund. Realtors have joined forces in order to protest this hike in transfer taxes since it already poses as one of the largest expenses for homebuyers in terms of closing costs.  There are enough obstacles to tackle with homeownership without adding to them.  The Chicago Association of Realtors have posted to their site a calculator that puts into “real” terms, exactly how this raise in property transfer taxes could hinder buyers, especially, first time ones.
JOIN US IN TELLING YOUR LOCAL ALDERMAN NO TO THIS INCREASE!