In a typical real estate transaction, a transfer tax is charged by three government bodies: the State of Illinois, the County, and the local municipality (i.e., the City of Chicago). By entering the amount of the purchase price below, you will be able to determine the applicable transfer taxes which may be charged.
If your real estate transaction is worth $0.00, then the tax payment will be as follows:
Seller pays:
Buyer pays: $0.00 to the City of Chicago
This is a total of $0.00 in transfer taxes.