The State, County and these municipalities all impose taxes on the privilege of buying or selling real estate. Most transfer taxes are assessed based on the sales price.
When the taxes are paid, revenue stamps are issued and attached to the deed or other transfer document.
SOME TRANSACTIONS ARE EXEMPT FROM THE TAX - CONSULT YOUR LAWYER FOR DETAILS
EVEN THOUGH SOME TRANSACTIONS ARE EXEMPT FROM THE TRANSFER TAXES, YOU MIGHT STILL NEED TO PURCHASE AN "EXEMPT" TRANSACTION STAMP! !
When the taxes are paid, revenue stamps are issued and attached to the deed or other transfer document.
SOME TRANSACTIONS ARE EXEMPT FROM THE TAX - CONSULT YOUR LAWYER FOR DETAILS
EVEN THOUGH SOME TRANSACTIONS ARE EXEMPT FROM THE TRANSFER TAXES, YOU MIGHT STILL NEED TO PURCHASE AN "EXEMPT" TRANSACTION STAMP! !
| TRANSFER TAXES - COOK COUNTY | |||
| TAX LEVIED | PAID BY | EFFECTIVE DATE | |
| State of Illinois | 0.50 /1,000.00 | Seller | . |
| Cook County | 0.25 /1,000.00 | Seller | . |
| . | . | . | . |
| Alsip | 3.50 /1,000.00 | Seller | 5/1/94 |
| Bartlett | 3.00/1,000 | Seller | 5/1/94 |
| Bedford Park | 50.00 flat fee | Seller | 5/11/96 |
| Bellwood | 5.00 / $1,000.00 | Seller | 7/18/96 |
| Berkley | $300 plus | .Seller | 3/1/00 |
| Berwyn | 10.00 / $1,000.00 | Seller | 10/15/93 |
| Buffalo Grove | 3.00 / $1,000.00 | Seller. | 3/1/92 |
| Burbank | 5.00 / $1,000.00 | Seller | 6/13/93 |
| Burnham | 5.00 / $1,000.00 | Buyer | 2/9/85 |
| Calumet City | 8.00 / $1,000.00 | Either | 7/12/95 |
| Calumet Park | 5.00 / $1,000.00 | Buyer | 1/10/80 |
| Chicago | 3.75 / $500.00 1.25 / $500.00 |
Buyer Seller |
1/9/88 |
| Chicago Heights | 4.00 / $1,000.00 | Seller | 4/1/93 |
| Cicero | 10.00 / $1,000.00 | Seller | 7/19/93 |
| Country Club Hills | 5.00 / $1,000.00 | Seller | 4/11/94 |
| Countryside | flat fee $50.00 | Buyer | 8/12/96 |
| Des Plaines | 2.00 / $1,000.00 | Seller | 4/1/88 |
| Dolton | 5.00 / $1,000.00 | Seller | |
| East Hazel Crest | flat fee $25.00 | Buyer | |
| Elgin | Seller | 6/1/95 | |
| Elk Grove Village | 3.00 / $1,000.00 | Seller | 7/1/88 |
| Elmhurst | 1.50 / $1,000.00 | Seller | |
| Elmwood Park | 5.00 / $1,000.00
($35.00 for exempt) |
Seller | |
| Evanston | 5.00 / $1,000.00 | Seller | 4/1/87 |
| Evergreen Park | 5.00 / $1,000.00 | Seller | 11/1/86 |
| Forest Park | inspection requires | Seller | 10/1/02 |
| Franklin Park | fee based on structure | Seller | |
| Glenwood | 5.00 / $1,000.00 | Seller | 6/15/85 |
| Hanover Park | 3.00 / $1,000.00 | Seller | 1/1/97 |
| Harvey | 4.00 / $1,000.00 | Buyer | 12/8/97 |
| Harwood Heights | 10.00 / $1,000.00 | Buyer | 2/11/96 |
| Hillside | 7.50 / $1,000.00 | Buyer | 9/3/96 |
| Hoffman Estates | 3.00 / $1,000.00 | Seller | 5/1/86 |
| Lincolnwood | 20.00 flat fee | Seller | 5/18/06 |
| Maywood | 4.00 / $1,000.00 | Buyer | 6/12/94 |
| Markham | 50.00 flat fee | Seller | 6/1/89 |
| McCook | 5.00 / $1,000.00 | Seller | 6/1/89 |
| Melrose Park | unknown | Seller | 1/1/01 |
| Midlothian | no fee | Seller | 6/1/07 |
| Morton Grove | 3.00 / $1,000.00 | Seller | 2/1/88 |
| Mount Prospect | 3.00 / $1,000.00 | Buyer | 5/1/90 |
| Niles | 3.00 / $1,000.00 | Buyer | 6/14/93 |
| Norridge | requires inspection certificate + 25.00 | Seller | 10/28/99 |
| Northlake | inspection | Seller | 12/5/05 |
| Oak Lawn | 5.00 / $1,000.00 | Seller | 1/1/82 |
| Oak Park | 8.00 / $1,000.00 | Seller | 1/19/83 |
| Park Forest | 5.00 / $1,000.00 | Seller | 8/1/89 |
| Park Ridge | 2.00 / $1,000.00 | Seller | 11/1/87 |
| Riverdale Village | inspection & fee | Seller | |
| River Forest | 1.00 / $1,000.00 | Seller | 7/1/83 |
| River Grove | fee is property based | Seller | 6/8/84 |
| Robbins | $25 flat fee | Buyer | 3/26/02 |
| Rolling Meadows | 3.00 / $1,000.00 | Seller | |
| Schaumburg | 1.00 / $1,000.00 | Seller | 10/1/94 |
| Skokie | 3.00 / $1,000.00 | Seller | 9/1/87 |
| Stickney | 5.00 / $1,000.00 | Seller | 8/1/90 |
| Stone Park | 4.00 / $1,000.00 | Seller | 8/16/87 |
| Streamwood | 3.00 / $1,000.00 | Seller | 1/23/89 |
| University Park | 1.00 / $1,000.00 | Seller | 10/12/88 |
| Westchester | Inspection certifictae & water bill | Seller | |
| Wheeling | Transfer Cert | Seller | 6/13/05 |
| Wilmette | 3.00 / $1,000.00 | Buyer | 2/22/88 |