Entry tax to Chicago increases

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.

Share and Enjoy:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • LinkedIn
  • StumbleUpon
  • Twitter
  • email
  • Netvibes
  • Posterous

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