Chicago has no mansion tax. The March 2024 Bring Chicago Home referendum, which would have raised the transfer tax tier on sales over $1 million, was rejected by voters. The flat Real Property Transfer Tax under MCC 3-33 still applies citywide.
MCC 3-33 imposes Chicago's Real Property Transfer Tax at $3.75 per $500 of consideration on the buyer, plus a $1.50 per $500 supplemental tax dedicated to the CTA paid by the seller, for a combined $5.25 per $500. Cook County adds $0.25 per $500 and Illinois adds $0.50 per $500 under 35 ILCS 200/31. Mayor Brandon Johnson's 2024 Bring Chicago Home referendum proposed graduated rates of 2 percent on sales over $1 million and 3 percent over $1.5 million to fund homelessness services, but voters defeated it. Exemptions include transfers to government, nonprofits, and certain family transfers under MCC 3-33-060.
Failing to pay the Real Property Transfer Tax blocks deed recording at the Cook County Recorder, triggers penalties of 5 percent of tax due plus 12 percent annual interest, and personal liability under MCC 3-33-100.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
Chicago, IL
No Chicago-specific ordinance allocates division-fence costs between neighbors; the Illinois Fence Act (765 ILCS 130) applies, requiring adjoining landowners...
Chicago, IL
Chicago Zoning Ordinance 17-17-0309 lets fences encroach into required setbacks: a fence no more than 20% opaque up to 6 feet is allowed in front, side, and ...
Chicago, IL
Chicago Building Code Chapter 13-196 requires approved smoke alarms in every residential unit: at least one on each story (including basement), within 15 fee...
Chicago, IL
Chicago has no ordinance specific to residential lawn ornaments, statuary, or year-round decorations. Landmark Commission approval is required only for perma...
Chicago, IL
Chicago has no ordinance specific to residential holiday inflatables. Inflator-motor noise after hours is enforced under MCC Section 8-32 (noise), and sidewa...
Chicago, IL
Chicago has no ordinance regulating residential holiday light display windows or brightness. Property maintenance complaints are handled under MCC Section 13...
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