A community’s vote for Home Rule allows elected officials to raise property taxes without having to first ask voters for direct permission.
Rent control backers would argue the policy would lower housing costs. The research shows exactly the opposite happens.
Some municipalities impose a tax on buyers and sellers of real estate. These taxes can destroy equity and make housing unaffordable.
In many Illinois communities, the seller of an owner-occupied home is required to arrange for a pre-sale inspection. This can delay or kill a home sale.