Back in February I wrote about the Chicago City Council’s vote to increase the buyer transfer tax on homes (see “Tax to Buy a Chicago Home Increases 40% April 1st – No Joke!“). The tax increased, but fortunately for buyers, sellers ended up paying the increase.
In a last minute ammendment, the council voted for home sellers to pay the $3/$1,000 value increase. So Chicago home buyers will continue to pay $7.50/$1,000 value, while sellers have one more closing cost to pay.
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