Live Illinois primary election results: Chicago real estate transfer tax ...Middle East

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Live Illinois primary election results: Chicago real estate transfer tax
Chicago’s proposed real estate transfer tax, referred to by some as the “mansion tax” or “Bring Chicago Home,” has topped races to watch for the 2024 Illinois primary election. As polls close Tuesday and votes are tallied, we’ll track how Chicagoans voted on the measure, which looks to increase the city’s real estate transfer tax on all properties over $1 million and use the funding to address homelessness. What is the proposed real estate transfer tax and how would it work? The real estate transfer tax is the tax paid to the city on any property sold. The current rate is a flat rate of $3.75 per every $500 of the price. If passed, the proposal would change the rate to a prog

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