The sale of high-dollar real estate could become more costly in Chicago under a plan supported by the Metropolitan Planning Council (MPC), according to an article in Crain’s Chicago Business. The MPC – a non-profit, independent, nonpartisan civic organization – [...]
On Nov. 6, Evanston and Bannockburn residents can take stands against higher taxes by voting against local referendums concerning real estate transfer taxes. Evanston Illinois REALTORS® encourages Evanston residents to vote “no” to raising its transfer tax, saying that approval [...]
Illinois REALTORS® is working hard to oppose several municipal referenda, involving Home Rule and the Real Estate Transfer Tax in the upcoming Election. Home Rule is being sought in five referenda that will appear on the November [...]
On Nov. 6, Bannockburn voters can stop the village from imposing a real estate transfer tax on future property sales by voting against a local referendum. The Illinois REALTORS®, the trade association that works to protect private property rights and [...]
A little-known fact that often surprises elected officials (and even some REALTORS®) is that Illinois municipal real estate transfer taxes are the exception rather than the rule. This is largely due to late 1990s Illinois REALTOR®-led legislation that allowed only [...]
