How Chicago landlords get drilled by Johnson’s transfer tax tweaks – The RealDeal*

“They are calling it the mansion tax, but it effectively brings down the values of every single property in the city, especially mid-sized to large commercial properties, at a time when interest rates and real estate taxes have skyrocketed,” SVN Chicago’s Wayne Caplan said on social media.
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Giddyap
2 years ago

City Inspector General Deborah Witzburg Is A Useless Political Hack Fraud — Giving Johnson A Pass For His Gigantic Home Tax – Chicago Tonight

Old Joe
2 years ago

In Illinois you really don’t own you home. You rent it from the government.

Poor Taxpayer
2 years ago

Taxing away the equity in your home. They have been doing this for years.
If you inflation adjust the sales price you are actually behind money. The only winner is the taxman.

Freddy
2 years ago
Reply to  Poor Taxpayer

Properties are only ATM machines for all the taxing bodies. One’s ability to pay the taxes imposed are never factored in.

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