Evanston City Council greenlights annual $1 million of real estate transfer tax funds for reparations – Daily Northwestern

The Reparations Committee chose to fund reparations through the real estate transfer tax because of its relatedness to real estate discrimination and redlining, which have contributed to the racial wealth gap.
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nixit
3 years ago

Interesting, so Evanston has a “progressive” real estate transfer tax that also serves as a flat tax based on the total sales price, just like Chicago is attempting to implement. Still think it’s poor policy. And it’s not indexed to inflation.

Sale Rates Effective January 1, 2019:

For sales prices up to $1,500,000, the tax imposed is $5 for every $1,000 value or fraction thereof.

For sales prices from $1,500,000.01 to $5,000,000, the tax imposed is $7 for every $1,000 value or fraction thereof.

For sales prices from $5,000,000.01 or more, the tax imposed is $9 for every $1,000 value or fraction thereof. 

Last edited 3 years ago by nixit
Pat S.
3 years ago
Reply to  nixit

Good Godfrey! That’s a whole lotta money!

mqyl
3 years ago

socialism

Truth Seeker
3 years ago

These people are lunatics.

Pat S.
3 years ago

Screw the retired cops and firefighters who risked their lives for the safety of Evanston residents – don’t fund their pensions, instead distribute taxpayer money based on race.

Dr. King weeps.

Giddyap
3 years ago

Reparations Racketeers, Racial Grievance Grifters, Rob Evanston Taxpayers, To Bail Out Their Unconstitutional Race-Based Scam

Old Joe
3 years ago

The hits just keep on coming from Evanston.

Old Joe
3 years ago
Reply to  Old Joe

(to your wallet)

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