If anyone can help you maximize your time in Springfield, it’s the two people who work daily for Illinois REALTORS® in the Capitol. One of the most important pieces of advice they mention is to download the IAR Lobby Day app to your smartphone or tablet.
Follow their advice and we’ll unleash the Power of R® next week!
Illinois REALTORS® and private property owners were winners at the polls on Tuesday when voters defeated a number of local referenda initiatives that would have raised the cost of buying or selling a home and opened the door to increased local taxation and regulation. The Illinois Association of REALTORS® (IAR) and local REALTOR® associations successfully lobbied against a real estate transfer tax in Midlothian, four Home Rule initiatives and urged voters to support a sales tax in Crestwood.
Midlothian voters reject real estate transfer tax
Voters said NO to a real estate transfer tax on property sales that could have cost sellers $5 on every $1,000 that their home was worth. In other words, if a home sold for $100,000, the seller would owe the village $500 under the proposed tax. DEFEATED
Crestwood voters approve a sales tax to lower property taxes
IAR campaigned in support of a sales tax increase in Crestwood and residents there agreed, voting to approve a 1 percent sales tax increase that will bring in millions of dollars in new revenue and allow the village to provide property tax rebates to homeowners. APPROVED
Home Rule defeated in four Illinois communities
Voters in Broadview (Cook County), McLean (McLean County), Shiloh (St. Clair County), and New Baden (Clinton and St. Clair counties) overwhelmingly voted down Home Rule initiatives in their communities. IAR and local associations campaigned to inform voters about the potential for communities to layer on additional taxes and regulations — without voter approval — with Home Rule powers. DEFEATED
You can also take a look at the 13 Opportunity Races identified by the RPAC Board of Trustees, the 26 Independent Expenditure races, four home rule referenda, a sales tax referendum and a real estate transfer tax referendum. See our “Vote on April 7” page.
By the time you go to bed Tuesday night, you may not know the winners of all the elections races but at least you’ll know the political advertisements will be over for a few months. Check this blog for election results on pro-real estate candidates and real estate related issues Wednesday.