Get IL Real Estate Transfer Declaration - Cook County 2005-2024

COOK COUNTY REAL ESTATE TRANSFER DECLARATION The following is required by the Cook County Real Property Tax Ordinance effective September 1 1993. Any transferor of transferee who fails to file with the Recorder a real property transfer declaration as required by Section 7 of this ordinance or a supplemental transfer declaration as required by Section 10 of this ordinance or willfully falsifies the value of transferred real estate shall be subject to a penalty equal to the amount of the applicable tax and shall be fined an amount not to exceed 1000. Sec 2 COMPUTATION OF TAX Twp. Range use additional sheet If necessary Full actual consideration Less amount of personal property included in purchase Net consideration for real estate property remains subject Net taxable consideration Amount of tax stamps. 25 per 500 or part thereof ATTESTATION OF PARTIES we hereby declare the full actual consideration and above facts contained in the declaration to be true and correct. Name and Address of Seller Please Print Signature Seller or Agent Buyer or Agent Use space below for tax mailing address if different from above Cook County Transfer Declaration FASTDoc 09/2005 EXEMPT TRANSFERS Check the Appropriate Box Exempt transfers are subject to the requirement contained in subsection 7 c of this ordinance. 00 or imprisoned for a period not to exceed six months or both. Except as to Exempt Transactions the Recorder is prohibited by law from accepting any deed assignment or other instrument of transfer for recordation unless it is accompanied by Recorder s Valuation a declaration containing all of the information requested therein. PROPERTY IDENTIFICATION Address of Property City Street or Rural Route Permanent Real Estate Index No. Zip Code Township Date of Deed Type of Deed TYPE OF PROPERTY INTEREST TRANSFERRED Single Family Commercial Fee title Condo co-op Industrial Beneficial interest in a land trust 4 or more units residential Vacant Land Lessee interest in a ground lease Mixed use commer. Name and Address of Seller Please Print Signature Seller or Agent Buyer or Agent Use space below for tax mailing address if different from above Cook County Transfer Declaration FASTDoc 09/2005 EXEMPT TRANSFERS Check the Appropriate Box Exempt transfers are subject to the requirement contained in subsection 7 c of this ordinance. 7 c No transfer shall be exempt from the tax imposed by this ordinance unless the declaration describes the facts supporting the exemption and is accompanied by such supporting documentation as the Recorder may reasonably require. A. Transfers of real property made prior to May 21 1979 where the deed was recorded after that date or assignments of beneficial interest in real property dated prior to August 1 1985 where the assignment was delivered on or after August 1 1985 B. 25 per 500 or part thereof ATTESTATION OF PARTIES we hereby declare the full actual consideration and above facts contained in the declaration to be true and correct. Name and Address of Seller Please Print Signature Seller or Agent Buyer or Agent Use space below for tax mailing address if different from above Cook County Transfer Declaration FASTDoc 09/2005 EXEMPT TRANSFERS Check the Appropriate Box Exempt transfers are subject to the requirement contained in subsection 7 c of this ordinance. 7 c No transfer shall be exempt from the tax imposed by this ordinance unless the declaration describes the facts supporting the exemption and is accompanied by such supporting documentation as the Recorder may reasonably require. 7 c No transfer shall be exempt from the tax imposed by this ordinance unless the declaration describes the facts supporting the exemption and is accompanied by such supporting documentation as the Recorder may reasonably require. A. Transfers of real property made prior to May 21 1979 where the deed was recorded after that date or assignments of beneficial interest in real property dated prior to August 1 1985 where the assignment was delivered on or after August 1 1985 B. Transfers involving real property acquired by or from any governmental body or acquired by any corporation society association foundation or institution organized and operated exclusively for charitable religious or educational purposes or acquired by any international organization not subject to local taxes under applicable law Copy of IRS granting tax exempt status must be attached C. Transfers in which the deed assignment or other instrument of transfer secures debt or other obligation confirms corrects modifies or supplements a deed assignment or other instrument of transfer previously recorded or delivered E. F. other obligations its undivided interest in the real property then such party shall be liable for tax computed upon any consideration paid for the excess I. Transfers between a subsidiary corporation and its parent or between subsidiary corporations of a common parent either pursuant to a plan of merger or consolidation or pursuant to an agreement providing for the sale of substantially all of the seller s assets J. Transfers from a subsidiary corporation to its parent for no consideration other than the cancellation or surrender of the subsidiary s stock and transfers from a parent corporation to its subsidiary for no consideration other than the issuance or delivery to the parent of the subsidiary s stock K. Transfers made pursuant to a confirmed plan of reorganization as provided under section 1146 c of Chapter 11 of the U.S. Bankruptcy Code of 1978 as amended Provided bankruptcy court docket number L. Deeds representing transfers subject to the imposition of a documentary stamp tax imposed by the government of the United States except that such deeds shall not be exempt from filling the declaration and pursuant to a mortgage or security interest foreclosure proceeding or sale or pursuant to a transfer in lieu of foreclosure. .