Illinois real estate transfer tax
Illinois's transfer tax is 0.1%, customarily seller-paid. Here's how it works, what it costs at common price points, and the statute behind it.
Illinois charges a state transfer tax of $0.50 per $500 (0.10%) plus a county tax of $0.25 per $500 (0.05%), so $0.75 per $500 (0.15%) is the typical state+county total, paid by the seller. Home-rule municipalities add their own — Chicago's combined transfer tax is far higher (the city imposes its own tax, much of it buyer-paid).
What it costs at common prices
| Sale price | State transfer tax |
|---|---|
| $200,000 | $200 |
| $400,000 | $400 |
| $600,000 | $600 |
| $800,000 | $800 |
State-level only; county and city taxes may add to these figures.
Look up your transfer tax
Estimated transfer tax
$2,800
Rate: 0.7% · Customarily seller-paid
- Who customarily pays
- seller
- Statute
- Fla. Stat. § 201.02
Florida levies documentary stamp tax on the deed at $0.70 per $100 of price (0.70%) in every county except Miami-Dade. Miami-Dade charges $0.60 per $100 (0.60%) plus a $0.45/$100 surtax on non-single-family transfers. By custom the seller pays the deed stamps; the buyer pays the separate doc-stamp + intangible tax on the mortgage.
Frequently asked questions
What is the real estate transfer tax in Illinois?
Illinois's transfer tax is 0.1% of the sale price, customarily seller-paid. Illinois charges a state transfer tax of $0.50 per $500 (0.10%) plus a county tax of $0.25 per $500 (0.05%), so $0.75 per $500 (0.15%) is the typical state+county total, paid by the seller. Home-rule municipalities add their own — Chicago's combined transfer tax is far higher (the city imposes its own tax, much of it buyer-paid).
Who pays the transfer tax in Illinois?
In Illinois the transfer tax is customarily seller-paid, though it's negotiable in the purchase contract.
How is Illinois's transfer tax calculated?
Multiply the sale price by 0.1%. For example, on a $400,000 home that's about $400. Illinois charges a state transfer tax of $0.50 per $500 (0.10%) plus a county tax of $0.25 per $500 (0.05%), so $0.75 per $500 (0.15%) is the typical state+county total, paid by the seller. Home-rule municipalities add their own — Chicago's combined transfer tax is far higher (the city imposes its own tax, much of it buyer-paid).