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 |
|---|---|---|---|---|---|---|---|---|---|---|
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Oak Brook 1200 Oak Brook Rd. Oak Brook, IL 60523-2255 630.368.5000 www.oak-brook.org Last Update: 02/08/2011 |
None | Obtain final water reading. | 12/22/2006 |
none |
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Oak Forest 15440 South Central Ave. Oak Forest, IL 60452-2195 708.687.4050 www.oak-forest.org Last Update: 07/16/2021 |
None | Seller must provide proof of payment of final water bill. | 12/22/2006 | Yes, only on properties vacant for more than two months |
none |
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Oak Lawn 9446 S. Raymond Ave. Oak Lawn, IL 60453-2449 708.636.4400 oaklawn-il.gov/departments/finance-and-administration/transfer-stamps Last Update: 04/01/2021 |
$5.00/$1,000 (or fraction thereof) | Oak Lawn Ord. 81-36-81 | Village Office (or ATG Chicago Loop office – form in Notes) | Yes | 1% per month interest and penalty of 10% of tax. Possible fine of $200-$1,000. Recorded lien on property. | Seller | (see Special Requirements in Notes section) | 01/01/1982 | Yes, $100 (see Special Requirements in Notes section) | |
|
Oak Park 123 Madison St. Oak Park, IL 60302-4295 708.383.6400 www.oak-park.us Last Update: 02/14/2017 |
$8.00/$1,000 (round to nearest $1,000) | Oak Park Ord. 1983-0-77 | Village Hall | Yes. $30 | 1% per month interest and penalty of 10% of tax. Possible fine of $200-$1,000 recorded lien on property. | Seller | Obtain final water and sewer reading. Final water bill must be paid. Copy of sales contract or PTAX required. | 04/15/1978 | No |
none |
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Oakbrook Terrace 17W275 Butterfield Rd. Oakbrook Terrace, IL 60181-4095 630.941.8300 www.oakbrookterrace.net Last Update: 02/08/2011 |
None | Obtain final water reading. | 12/22/2006 |
none |
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Olympia Fields 20040 Governors Hwy. Olympia Fields, IL 60461-1096 708.503.8000 www.olympia-fields.com Last Update: 02/08/2011 |
None | Obtain final water reading. | 12/22/2006 | Yes. $50 |
none |
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Orland Park 14700 Ravinia Ave. Orland Park, IL 60462-3167 708.403.6100 www.orland-park.il.us Last Update: 02/08/2011 |
None | Obtain final water reading. | 12/22/2006 |
none |
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Oswego 100 Parkers Mill Oswego, IL 60543 630-554-0864 www.oswegoil.org Last Update: 03/06/2023 |
$3 per $1000 of purchase price (0.3%) | Ordinance No. 22-54 | Oswego VIllage Hall (or ATG Chicago Loop office – see Request form in Notes) | Yes | Buyer | Buyers submit a MYDec or PTAX-203 Illinois Real Estate Transfer Declaration at least three (3) days prior to closing. See Ordinance No. 22-54, Section 1, Sec.3-39-6 for exemptions. |
Request for Municipal Transfer Tax Stamp Purchase OR Visit www.oswegoil.org to complete an online request and upload MyDec or PTAX form. Email inquiries: TransferTax@oswegoil.org |
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