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Real Estate & Property Law

: Closing Real Estate in Chicago

A Phone Call From the Chicago Dept. of Revenue...

By Peter Olson, Esq.

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I thought I'd just mention with all this ragging on Chicago for the recent tax increases, I did get a personalized call from a Chicago Department of Revenue representative late last week informing me of the new tax and mentioning that they'd have a new transfer tax form up on there Website this week.

Here's the press release from the City and here's the new transfer tax form. Still the same old fill-in-the-boxes form. Note on the form they label the new tax the "CTA portion" of the tax...that just makes it all better. Kind of like the signs in county offices sort of disclaiming fee increases by saying the General Assembly passed this new law, yada yada yada.

Full post as published by Closing Real Estate in Chicago on March 24, 2008 (boomark / email).

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