Real Estate Transfer Tax Ordinances
All data confirmed with municipalities April 2017. “Last update” field indicates date of most recent change from municipality.
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Provided courtesy of ATG Member Agent
Prepared by Attorneys’ Title Guaranty Fund, Inc. (ATG)
| County or Municipality | Tax Amount | Legal Reference | Where to Purchase Stamps | Exempt Stamp Required? | Non-Compliance Penalties | Party Liable for Payment | Special Requirements | Effective Date | Pre-Transfer Inspection Required | Notes |
|---|---|---|---|---|---|---|---|---|---|---|
|
Addison One Friendship Plaza Addison, IL 60101-2786 630.693.7564 www.addisonadvantage.org Last Update: 03/14/2017 |
$2.50/$1,000 (round to nearest $1,000) | Addison Village Code Art. VII, Sec. 8-23 | Village Hall | Yes | 1% monthly interest and penalty of 50% of tax. Deed will not be recorded. Action by Village to collect interest and penalties. Possible fine of not more than $500. | Buyer | Sump Pump inspection required. Final water bill must be paid. Copy of PTAX and unexecuted deed required. Obtain permit release from Community Development. | 09/01/1993 | Sewer Inspection |
None |
|
Algonquin 2200 Harnish Dr. Algonquin, IL 60102-5995 847.658.2700 www.algonquin.org Last Update: 02/03/2011 |
None | No | Obtain final water reading. | 12/22/2006 |
None |
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All Illinois Counties Last Update: 02/07/2011 |
$0.25/$500 | 55 ILCS 5/5-1031 | County Building | Deed will not be recorded. Falsification is a Class B Misdemeanor. | Buyer or Seller (customarily Seller) | 01/01/1968 |
None |
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Alsip 4500 W. 123rd St. Alsip, IL 60803-2599 708.385.6902 www.villageofalsip.org Last Update: 03/14/2017 |
$3.50/$1,000 ($100 minimum; no rounding) | Alsip Code of Ordinances Article VI, Sec. 18-100 | Village Clerk's Office | Yes - $15 | Class B ordinance violation. Creates lien on property. 1% per month interest. | Seller | Obtain final water reading; bill must be paid. Copy of sales contract required. No personal checks. | 06/12/1996 | No | |
|
Arlington Heights 33. S. Arlington Heights Rd. Arlington Heights, IL 6005-1403 847.368.5000 www.vah.com Last Update: 02/03/2011 |
None | No | Obtain final water reading. | 12/22/2006 |
None |
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Aurora 44 E. Downer Pl. Aurora, IL 60507-3302 630.256.3570 www.aurora-il.org Last Update: 12/27/2017 |
$3.00/$1,000 (round to nearest $1,000) | Aurora Code Article X, Sec. 44-211 | City Hall, Finance Department (or ATG Chicago Loop office – form in Notes) | Yes* | Fine of not less than $200 nor more than $1,000. Deed will not be recorded without transfer or exempt stamp. | Seller | Obtain final water reading; bill must be paid. Copy of PTAX signed by at least one party required. All sums due city must be paid. | 05/01/1990 | No |
Request for Municipal Transfer Tax Stamp Purchase *Effective November 1, 2017, the exempt tax fee is $30. |
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