Mayor Daley Proposes Huge Real Estate Tax Increase for Chicago
Written by Mr. Real Estate
Published September 02, 2004
Published September 02, 2004
Move to Florida while you still can. The Chicago Sun-Times reports:
Mayor Daley is exploring the possibility of raising Chicago's real estate transaction tax by as much as 53 percent to help close a $220 million budget gap, City Hall sources said Monday.Chicago home buyers would pay through the nose — as much as $960 more on the purchase of a $240,000 property — if Daley ultimately decides to cash in on the city's booming housing market and voters approve the tax increase in the referendum required by state law.
In related news, Tropicana recently moved from Bradenton, Fla. to Chicago as a money-saving move.
This was originally posted at Hundred Acres, the world's first real estate community weblog.
Keep reading for information and comments on this article, and add some feedback of your own!
- Mayor Daley Proposes Huge Real Estate Tax Increase for Chicago
- Published: September 02, 2004
- Type:
- Section: Culture
- Writer: Mr. Real Estate
- Mr. Real Estate's BC Writer page
- Mr. Real Estate's personal site
- Spread the Word
- Like this article?
- Email this
Save to del.icio.us
Comments on this articleComments
Add your comment, speak your mind
(Or ping: http://blogcritics.org/mt/tb/19384)Personal attacks are not allowed. Please read our comment policy.
