#real-estate-transfer-tax

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SFGATE
1 month ago
SF real estate

L.A.'s 'Mansion Tax' Put a Damper on Luxury Sales-but Raised $215M for Housing Initiatives

Higher real estate transfer tax in LA aims to fund affordable housing but impacts luxury home sales negatively.
The new tax policy, called Measure ULA, has raised $215 million but falls short of the projected $672 million annually. [ more ]
Truthout
2 months ago
Chicago

Chicago Ballot Amendment Would Tax Real Estate Moguls to Fight Homelessness

Real Estate Transfer Tax proposal aims to address affordable housing in Chicago through a graduated tax system.
Legal challenges and industry opposition have hindered the Bring Chicago Home referendum campaign. [ more ]
Chicago Tribune
3 months ago
Chicago

Paul Vallas: Mayor Brandon Johnson's 'mansion tax' plan is a regressive tax increase in search of a program

Mayor Johnson's real estate transfer tax proposal lacks an effective affordable housing strategy.
The tax increase would disproportionately affect owners of commercial properties. [ more ]
Chicago Tribune
6 months ago
Chicago

Op-ed: Increasing real estate transfer tax is bad for Chicagoans

The Bring Chicago Home proposal, disguised as a tax on high-end property, may result in a more broad tax increase on all residents.
Increasing taxes can hurt citizens and the economy, as businesses pass on increased tax costs to consumers.
The downtown business sector in Chicago has been struggling during the COVID-19 pandemic, making the proposed tax increase even more burdensome. [ more ]
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