Chicago Set To Vote on ‘Mansion Tax’—and It Could Dent Demand in Ultrarich Neighborhoods

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Chicago Set To Vote on ‘Mansion Tax’—and It Could Dent Demand in Ultrarich Neighborhoods

Chicago voters will weigh in Tuesday on a ballot measure that would fundamentally change the way real estate deals are taxed in the city. Dubbed a “mansion tax” by supporters, the measure would raise taxes on property sales above $1 million and cut the tax rate for transfers below that threshold, with the additional revenue
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