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Posted On: 10/05/2023 11:21:53 AM
Post# of 124689
Because nothing has been passed. You f'ing moron. And what's a trailer park resident like yourself doing worrying about taxes on the sale of a million dollar home?
Read for comprehension, TRY anyway, you ill-informed, conclusion jumping, ass-hat.
The current transfer tax is a flat rate of 0.75% on all property sales in Chicago. The Johnson administration's revised plans increases the rate to 2% for properties above $1 million and 3% for properties $1.5 million and above,
The selling point to voters is that the rate will decrease for all properties under $1 million.
"Ninety-six percent of home sales will see a reduction in the one-time real estate transfer tax that they pay because 96% of sales in the city of Chicago are less than $1 million," he said.
https://abc7chicago.com/chicago-real-estate-t...0but%20Ald.
Read for comprehension, TRY anyway, you ill-informed, conclusion jumping, ass-hat.
The current transfer tax is a flat rate of 0.75% on all property sales in Chicago. The Johnson administration's revised plans increases the rate to 2% for properties above $1 million and 3% for properties $1.5 million and above,
The selling point to voters is that the rate will decrease for all properties under $1 million.
"Ninety-six percent of home sales will see a reduction in the one-time real estate transfer tax that they pay because 96% of sales in the city of Chicago are less than $1 million," he said.
https://abc7chicago.com/chicago-real-estate-t...0but%20Ald.
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