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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Palatine 200 E. Wood St. Palatine, IL 60067-5339 847.359.9088 www.palatine.il.us Last Update: 03/08/2017 |
None | Final water bill must be paid. | 12/22/2006 | No |
none |
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Palos Heights 7607 W. College Dr. Palos Heights, IL 60463-1074 708.361.1804 www.palosheights.org Last Update: 03/08/2017 |
None | Obtain final water reading. | 12/22/2006 | No |
none |
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Palos Hills 10335 S. Roberts Rd. Palos Hills, IL 60465-1929 708.598.3400 www.paloshillsweb.org Last Update: 02/08/2011 |
None | Obtain final water reading. | 12/22/2006 | Yes. $50 |
none |
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Park Forest 350 Victory Dr. Park Forest, IL 60466-2068 708.748.1112 www.villageofparkforest.com Last Update: 02/08/2011 |
$5.00/$1,000 (round to nearest $1,000) | Park Forest Ord. No. 1575 | Village Hall, Building Department | Yes. $15 | 1% per month interest and penalty of 10% of tax. Possible fine of $200-$1,000. Lien against property for the amount of the tax. | Seller | All sums due city must be paid. | 08/15/1995 | Yes. $100 | |
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Park Ridge 505 Butler Pl. Park Ridge, IL 60068-4182 847.318.5289 www.parkridge.us Last Update: 03/20/2017 |
$2.00/$1,000 (round to nearest $1,000) | Park Ridge Code of Ordinances 2-18-1 | City Hall | Yes. $25 | Deed will not be recorded. Not more than $500 fine. 1% per month interest and a penalty of 50% of the tax amount. Lien will be recorded. Fine up to $500. | Seller | Final water bill must be paid. City transfer declaration, original deed or assignment of beneficial interest, recent plat of survey, and copy of title commitment required. Transfer stamps are required on all judicial sales deeds, including deeds going back to the lender. | 08/01/1989 | Yes | |
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Peoria 419 Fulton St., Ste. 401 Peoria, IL 60602-1217 309.494.8565 www.ci.peoria.il.us Last Update: 02/14/2017 |
$2.50/$1,000 (round to nearest $1,000) | Article X, Sec. 27-226 | City Hall | Yes | 2% per month interest and penalty of 20% of tax. Possible fine of $200-$300. Deed will not be recorded. | Seller | 12/22/2006 | No |
none |
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Phoenix 633 E. 151st St. Phoenix, IL 60426-2452 708.331.2636 www.villageofphoenix.com Last Update: 02/08/2011 |
None | Final water bill must be paid. | 12/22/2006 | Yes. $50 |
none |
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Plainfield 24000 W. Lockport St. Plainfield, IL 60544-1778 815.436.7093 www.plainfield-il.org Last Update: 02/08/2011 |
None (see "Notes") | 12/22/2006 | No |
If the property is incorporated in the Village of Plainfield, there is no transfer tax. However... Read full note |
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Posen 2440 Walter Zimny Dr. Posen, IL 60469-1395 708.385.0139 www.villageofposen.org Last Update: 02/14/2017 |
None | Obtain final water reading; bill and all fines must be paid. | 12/22/2006 | Yes. $170 |
none |
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