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- Aldermen press to strip banks, mortgage companies of tax exemption
Chicago voters could soon get to decide whether to strip banks and mortgage companies key players in the foreclosure epidemic of their long-standing exemption from the city's real-estate transfer tax.By a vote of 8-to-2, the City Council's Finance Committee agreed today to put that resolution on the ballot, either on Nov. 2 or Feb. 22. Only after voters approve a referendum could the City ...
chicago estate real tax 31 Jul 2010 - Commercial Real Estate: Prospects revived for stalled projects
Bavar Properties Group of Timonium has begun construction on the $26 million The Enclave at Emerson apartment development in Howard County.
chicago estate real tax 31 Jul 2010 - Bill would end automatic senior tax exemption renewal
Property tax exemption for older homeowners would require yearly renewal SPRINGFIELD About 280,000 Cook County homeowners who automatically get a senior citizen exemption on their property taxes would have to reapply for the break every year under a provision tucked into legislation awaiting action by Gov. Pat Quinn.
chicago estate real tax 31 Jul 2010 - Chicago facing $654.7 budget shortfall, aldermen told
Mayor Daley has ruled out a pre-election property tax hike but other tax increases, layoffs and a raid on previously sacred economic development funds are "on the table" to erase a record $654.7 million budget shortfall that could rise considerably."There's nothing off the table, other than the property tax increase," Budget Director Gene Munin said Friday, insisting that spending cuts would ...
chicago estate real tax 31 Jul 2010 - Foreclosures a blight on market
That house down the street that just went into foreclosure wasn't just bad for your neighbor. It's gnawing at the value of your own home.Sales figures show that foreclosed homes generally trade for a 40 percent discount compared with homes sold the conventional way in the same market. In many cases, the discount is far more.Michael Walsh of Elmwood Park's Citywide Services, an appraiser, said ...
chicago estate real tax 31 Jul 2010 - Zacks Investment Ideas feature highlights: KB Home, PulteGroup, ProShares Short Real Estate and UltraShort Real Estate ...
CHICAGO--(BUSINESS WIRE)--Today, Zacks Investment Ideas feature highlights Features: KB Home (NYSE: KBH), PulteGroup, Inc. (NYSE: PHM), ProShares Short Real Estate (NYSE: REK) and UltraShort Real Estate ProShares (NYSE: SRS). Protect Your Nest Egg: Short Housing Unless you have been living under a rock for the past 2 years, you may have heard that housing and real estate have weakened ...
chicago estate real tax 31 Jul 2010
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