Friday, January 18, 2008

Handy Transfer Tax Calculator

The Chicago City Council is considering an ordinance that will increase the Chicago Real Estate Transfer Tax by $3.00 per $1,000 of your purchase price. This tax is on top of the current $7.50 for the buyer and the current state and county transfer tax of $1.50 imposed on the seller. REALTORS(R) are opposed to this measure and we ask you to call your alderman today to tell them to vote no to a CTA Transfer Tax Increase.

Under the proposed Real Estate Transfer Tax increase to fund the CTA Pension Fund, Transfer Taxes will increase by over 40%. To see what this would mean for you, enter your home's value in our Transfer Tax Calculator, and see just how important it is to fight this increase.

Link to the Chicago Association of Realtors website and calculator.

Find your Chicago Alderman.