For homebuyers, the tab will be a little more than $15 million. That’s according to Crain’s research into what the past year’s home sales would have generated if the new transfer tax, as revamped under Johnson in August, were in place. Many commercial properties sell for far larger amounts than homes, and Crain’s past estimates have pegged the commercial sector's dollar volume at around nine times residential’s.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.