The tax paid by the buyer on the purchase of real in the city of Chicago increased from $7.50 per thousand of the purchase price to $10.50 per thousand starting 4/1/08. (There’s a minor exception for buyers of homes of $250,000 and under who are over age 65).

I know the CTA is in trouble, but this is exorbitant.

Related posts:

1. Real Estate Blues
2. Changes to the $250,000 Home Sale Exclusion
3. PMI now tax deductible
4. Roth 401ks are here