• City of Chicago Real Estate Transfer Tax Increase
  • April 7, 2008 | Author: Donald I. Resnick
  • Law Firm: Jenner & Block LLP - Chicago Office
  • On April 1, 2008, the City of Chicago real estate transfer tax will increase from $7.50 per $1,000.00 of sales price to $10.50 per $1,000.00. The additional $3.00 per $1,000.00 will be paid by the seller rather than the buyer, who will continue to be responsible for the existing $7.50 per $1,000.00.