Chicago residents to vote on real estate tax hike
Tue, Mar 19, 2024 5:55 PM

Chicago residents to vote on real estate tax hike

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Chicagoans will vote in Tuesday's primary election on whether to increase the tax rate on real estate transfers worth over $1 million in order to raise funds for affordable housing and fighting homelessness. The ballot measure would lower property transfer taxes for the vast majority of Chicago residents, to $3 for every $500 of a transfer price under $1 million.

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