Loading
Get Il Real Estate Transfer Declaration Form - City Of Evanston 2023-2025
How it works
-
Open form follow the instructions
-
Easily sign the form with your finger
-
Send filled & signed form or save
How to fill out the IL Real Estate Transfer Declaration Form - City Of Evanston online
Navigating the IL Real Estate Transfer Declaration Form can be straightforward when you follow the proper steps. This guide is designed to support users in completing the form efficiently and accurately for their real estate transactions in the City of Evanston.
Follow the steps to successfully complete the form online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Review the top section of the form which requests the type of transaction. You need to check all applicable options such as Residential, Commercial, Exempt, or Land Trust.
- Fill in the property details. Include the address of the property, the permanent index number (tax number), closing date, and the type of deed.
- Input the sale price of the property. This is the full actual consideration for the sale. Ensure accuracy as it affects the calculation of the transfer tax.
- Calculate the amount of real estate transfer tax based on the sale price. Use the following rates: $5.00 per $1,000 for sales up to $1.5 million; $7.00 per $1,000 for sales between $1.5 million and $5 million; and $9.00 per $1,000 for sales over $5 million.
- If applicable, indicate any exemptions by checking the appropriate paragraphs and detailing the nature of the exemption claimed.
- Complete the seller/grantor and buyer/grantee sections. Include names, addresses, signatures, and contact information.
- After filling out the form completely, save your changes. You have the option to download, print, or share the form as required.
Complete your documents online today for a smooth real estate transaction.
The state of Illinois has a transfer tax that is typically paid by sellers at a rate of $0.50 per $500, or $500 per $100,000 of property value. In addition, counties may apply an additional tax of $0.25 per $500. There's no way around paying transfer taxes, but you can cut costs by working with a company like Clever.
Industry-leading security and compliance
US Legal Forms protects your data by complying with industry-specific security standards.
-
In businnes since 199725+ years providing professional legal documents.
-
Accredited businessGuarantees that a business meets BBB accreditation standards in the US and Canada.
-
Secured by BraintreeValidated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.