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2. What are real estate transfer taxes? - AOL

   www.aol.com/finance/real-estate-transfer-taxes...

   The cost of real estate transfer tax is based on the sale price of the property being transferred, and the rate differs from state to state. The range can vary quite widely: A $500,000 home sale ...

3. Real estate transfer tax - Wikipedia

   en.wikipedia.org/wiki/Real_estate_transfer_tax

   Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...

4. Transfer tax - Wikipedia

   en.wikipedia.org/wiki/Transfer_tax

   Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.

5. Property tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Property_tax_in_the_United...

   This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.

6. Backers of Chicago real estate transfer tax hike aim to take ...

   www.aol.com/finance/backers-chicago-real-estate...

   City Council allies of Mayor Brandon Johnson announced their intentions to get a real estate transfer tax hike that would fund homelessness services on the 2024 primary ballot, seeking to advance ...

7. A push to raise high-end real estate transfer taxes to fight ...

   www.aol.com/news/push-raise-real-estate-transfer...

   An ambitious drive to get a housing measure on Chicago’s Feb. 28 ballot — asking if the city should raise taxes on its priciest property sales to fund services for homeless people — appeared ...

8. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.

9. Transferring a mortgage: How it works - AOL

   www.aol.com/finance/transferring-mortgage-works...

   The amount of the tax also depends on where you live, but it’s usually either a flat rate or a percentage of your home’s sale price. Alternatives to a mortgage transfer Instead of transferring ...