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ATG Real Estate Transfer Ordinances: Mount Prospect
Address:
50 S. Emerson St.
Mount Prospect, IL 60056-3266
Phone:
847.392.6000
Amount of Tax:
$3.00/$1,000 (round to nearest $1,000)
Legal Reference:
Mount Prospect Village Code 8.801
Where Stamps Can Be Purchased:
Village Hall (or downtown office)
Special Requirements:
Obtain final water reading; all sums due village must be paid. Copy of PTAX required.
Exempt Stamp Required?
Yes. $15
Penalties for Non-compliance
Deed will not be recorded. Action by village to collect interest and penalties. Lien will be recorded.
Party Liable for Payment:
Buyer
Effective Date:
05/01/1990
Pre-Transfer Inspection Required?
No
Notes:
Request for Municipal Transfer Tax Stamp Purchase
The Village of Mount Prospect Finance Department will not issue a Real Estate Transfer Tax Stamp for any property that has an unresolved Compliance Order or Notice of Violation. Since a transfer stamp will not be issued under any circumstances where violations are outstanding, the stamps must be purchased prior to the closing.
Website:
Last Update:
03/20/2017
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