# Taxes in the City of Chicago

## City of Chicago Personal Property Lease Tax
The City of Chicago imposes a 15% [Personal Property Lease Transaction Tax](https://www.chicago.gov/city/en/depts/fin/supp_info/revenue/tax_list/personal_propertyleasetransactiontax.html) on businesses or individuals on the lease or rental of personal property used in Chicago. The Chicago Lease tax applies to businesses selling specific goods to customers in Chicago, even if you don’t have a physical presence there, and applies to both tangible property and intangible property such as SaaS.