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ATG Real Estate Transfer Ordinances: Park Ridge

Address:

505 Butler Pl.
Park Ridge, IL 60068-4182

Phone:

847.318.5289

Amount of Tax:

$2.00/$1,000 (round to nearest $1,000)

Legal Reference:

Park Ridge Code of Ordinances 2-18-1

Where Stamps Can Be Purchased:

City Hall

Special Requirements:

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.

Exempt Stamp Required?

Yes. $25

Penalties for Non-compliance

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.

Party Liable for Payment:

Seller

Effective Date:

08/01/1989

Pre-Transfer Inspection Required?

Yes

Website:

Last Update:

03/20/2017