Tag Archive: "Documentary Transfer Tax"
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Chicago’s Proposed Documentary Transfer Tax Increase Hits a Roadblock
The Chicago chapter of the Building Owners and Managers Association (BOMA) filed a lawsuit last week to block a referendum vote on Mayor Brandon Johnson’s proposal to increase documentary transfer taxes on real estate property sales. Documentary transfer taxes in Chicago are currently imposed at a flat rate of 0.75% on the sales price of […]
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Measure ULA to Significantly Impact L.A. Real Estate Transactions
A new documentary transfer tax is coming to the City of Los Angeles. Measure ULA, commonly referred to as the “mansion tax,” will impose an additional tax of 4% on the sale or transfer of real estate property of $5 million or more, up to $10 million, and a 5.5% tax on the sale of […]