Real Estate Transfer Tax Ordinances

All data confirmed with municipalities April 2017. “Last update” field indicates date of most recent change from municipality.

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
Indian Head Park
201 Acacia Dr.
Indian Head Park, IL 60525-4498
708.246.3137
www.indianheadpark-il.gov

Last Update: 05/26/2017
None         Seller Water bill and all other sums due village must be paid. Inspection must not be completed more than 60 days prior to the closing. Resale Inspection Fee (per inspection): Single Family Residence - $200; Condominium Unit - $100; Commercial Property - $400; Financial Institution Owned Property - $500; Exempt Transfer or Trust - No Charge 08/11/2011 No

none

Island Lake
3720 Greenleaf Ave.
Island Lake, IL 60042-9506
847.526.8764
www.villageofislandlake.com

Last Update: 02/07/2011
None         Seller Obtain final water reading; Water, sewer, and garbage bills must be paid. 12/22/2006 Electrical Inspection. $50

none

Itasca
550 W. Irving Park Rd.
Itasca, IL 60143-2018
630.773.0835
www.itasca.com

Last Update: 02/07/2011
None           Obtain final water reading; bill must be paid. 12/22/2006 No

none

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
Indian Head Park
201 Acacia Dr.
Indian Head Park, IL 60525-4498
708.246.3137
www.indianheadpark-il.gov

Last Update: 05/26/2017
None         Seller Water bill and all other sums due village must be paid. Inspection must not be completed more than 60 days prior to the closing. Resale Inspection Fee (per inspection): Single Family Residence - $200; Condominium Unit - $100; Commercial Property - $400; Financial Institution Owned Property - $500; Exempt Transfer or Trust - No Charge 08/11/2011 No

none

Island Lake
3720 Greenleaf Ave.
Island Lake, IL 60042-9506
847.526.8764
www.villageofislandlake.com

Last Update: 02/07/2011
None         Seller Obtain final water reading; Water, sewer, and garbage bills must be paid. 12/22/2006 Electrical Inspection. $50

none

Itasca
550 W. Irving Park Rd.
Itasca, IL 60143-2018
630.773.0835
www.itasca.com

Last Update: 02/07/2011
None           Obtain final water reading; bill must be paid. 12/22/2006 No

none