Evanston Mansion Tax at iniferewerrblog Blog


Evanston Mansion Tax. For evanston homes priced between $1.5 million and $5 million, the tax on home sellers will jump to $7 per $1,000 of home value. Suburb raked in $6.2m in 2021, triple the amount from.

Mayo & Mayo Evanston mansion for sale Crain's Chicago Business
Mayo & Mayo Evanston mansion for sale Crain's Chicago Business from www.chicagobusiness.com

How evanston’s transfer tax hike is going as chicago considers measure. It maintained the suburb’s existing 0.5% tax on property sales up to $1.5 million but raised the rate to 0.7% for sales valued between. Voters approved the evanston initiative by a margin of about 53% to 47%, and the tax structure went into effect jan.

Mayo & Mayo Evanston mansion for sale Crain's Chicago Business

It maintained the suburb’s existing 0.5% tax on property sales up to $1.5 million but raised the rate to 0.7% for sales valued between. For evanston homes priced between $1.5 million and $5 million, the tax on home sellers will jump to $7 per $1,000 of home value. It maintained the suburb’s existing 0.5% tax on property sales up to $1.5 million but raised the rate to 0.7% for sales valued between. Proponents predict the tax could generate more than $160 million dollars in annual revenue.