Voters in the city of Chicago are being presented with a referendum on their ballots in the 2024 primary election, asking if they approve of a so-called “mansion tax” that would fundamentally change the way real estate transfers are taxed in the city. The language of the "Bring Chicago Home" referendum asks voters to decide whether the city should move from the current flat tax model on real estate transfers to a graduated tax, which would impact real estate transactions on all value levels. Supporters say that the ordinance would result in a reduction in the transfer tax for approximately...