Chicago transfer tax calculator
Give a sale price and you'll see the tax and who pays it.
It uses the statute's tiers and the customary payer, before any exemption or first-time buyer reduction.
- Chicago transfer tax: what the buyer covers
- 0.75%Chicago
- Who pays the tax?
- Buyer, by custom or ordinance
- Tax on transfers of Illinois real estate
- 0.1% applied to the price
- Recording of the deed
- $84, Fayette County schedule
Chicago real property transfer tax rate
Chicago transfer tax: the buyer's share, Chicago, 0.75% of the price (buyer), per chicago.gov
Chicago transfer tax: the seller's part, at 0.3% of the price (seller) in Chicago chicago.gov
In Chicago, who pays the transfer tax?
| Line | Customary payer | Rate or amount | Source |
|---|---|---|---|
| Tax on transfers of Illinois real estate | Negotiable | At 0.1% of the sale amount | tax.illinois.gov |
| Chicago transfer tax: the part the buyer pays (Chicago) | Buyer | At 0.75% of the sale amount | chicago.gov |
| Seller's share of the Chicago transfer tax | Seller | At 0.3% of the sale amount | chicago.gov |
| Recording the deed | Buyer | $84 | fayettecountyillinois.gov |
| Recording the mortgage | Buyer | $84 | fayettecountyillinois.gov |
| Origination charge | Buyer | At 1% of the loan amount | bankrate.com |
| Appraisal | Buyer | $359 | angi.com |
| Buyer's agent commission | Set in the buyer agreement | 2.42% average | redfin.com |