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HomeMy WebLinkAboutPacket - 11/13/2017 - Community Development Committee w L4M n-ry - Community Development Committee McHenry Municipal Center 333 S Green Street McHenry,IL 60050 November 13, 2017 7:00 PM AGENDA 1. Call to Order 2. Public Comment: Any person wishing to address the Committee will be asked to identify themselves for the record and will be asked but are not required to provide their address. Public comment may be restricted to three-minutes for each individual speaker. Order and decorum shall be maintained at public meetings. 3. Discussion on a real estate transfer ordinance 4. Update on Code Enforcement Strategy 5. Department updates 6. Motion to adjourn the meeting. The City of McHenry is dedicated to providing its citizens,businesses,and visitors with the highest duality of programs and services in a customer-oriented,efficient,and fiscally responsible manner. ,",r^�►,,,` Department of Community& Economic Development Ross Polerecky, Director �^ McHenry Municipal Center 333 Green Street McHenry, Illinois 60050 MC Ul Iry Phone: (815) 363-2182 Fax: (815) 363-2173 rpolerecky@ci.mchenry.il.us Community Development Committee Agenda Supplement DATE: November 13, 2017 TO: Community Development Committee FROM: Ross Polerecky, Director of Community Development RE: Discussion on a real estate transfer ordinance Attachments: Article on Real Estate Transfer Ordinance, List of municipalities with a Real Estate Transfer Ordinance At the August 2017 Community Development Committee meeting a schedule of topics was presented for the year,this month's topic of discussion is a Real Estate Transfer Ordinance.A real estate transfer tax or stamp is a tool municipalities use to keep track of real estate transactions that occur within their jurisdiction. There are many reasons a municipality might want to track these transactions to include the following: • Updating records with most current property owners • Tracking rentals and investment properties • Outstanding payments (water bills) • Property maintenance • A revenue source Many efforts are currently happening within city hall to help obtain some of these results without a transfer ordinance. A rental registration program has been implemented to help track the city's rental stock,this has been very successful with over 2300 landlords currently registered with the city. Another item that has recently been implemented is working with the water billing department to identify new ownership when water billing accounts are open. This has been a struggle in the past due to two different department software programs, however with the input Department of Community& v "^, Economic Development Ross Polerecky, Director A' McHenry Municipal Center 333 Green Street McHenry, Illinois 60050 Mc Hen Phone: (815) 363-2182 Fax: (815) 363-2173 rpolerecky@ci.mchenry.il.us of multiple employees an efficient way of transferring data between departments has been put in place.With these efforts we have also been able to help with overdue payments by not issuing building permits if a water bill is overdue or a shut off has occurred. Real Estate transfer ordinances are often used as a source of revenue, this revenue typically goes into the general fund but can be earmarked for specific uses,affordable housing and open space preservation are examples. Currently there are no Municipalities within McHenry County that have a real estate transfer ordinance except McHenry County. McHenry County charges $0.25 per $500 of sale price. This tax is a responsibility of the seller. The City of McHenry currently has access to the McHenry County recorder's office to see documents of the most recent sales. Attached is an article from Kintera.org that does an excellent job of explaining a real estate transfer ordinance and how it can be used, the article also goes into some of the struggles a municipality tends to run into during the process of trying to pass an ordinance. Also attached is a list of communities from Cook and surrounding counties who currently utilize a transfer stamp ordinance. This list also includes the fee amount and who is responsible for the fee. This committee meetings purpose is to get feedback and direction from members as to if a real estate transfer ordinance is something to proceed with. Real Estate Transfer Taxes - PolicyLink Page 1 of 12 Print This Page I Download PDF What Is It? Real estate transfer taxes (RETTs) (also known as "real property transfer taxes") are state, county, and/or municipal sales taxes most often used as general revenue. However, RETTs, can be devoted to specific uses such as affordable housing development or open space protection. When RETTs are used to provide affordable housing or other community benefits to neighborhoods receiving an influx of investment, they can be a powerful form of value recapture, raising additional revenue as investment bolsters land value, because they are usually based on the sales price, and paid every time a property is sold. Florida, with its vibrant real estate market, forecasts $1.67 billion in revenue from its transfer tax in 2002-2003. Approximately 14.8 percent of its receipts, or $249 million, will be dedicated to state and local housing trust funds. Equitable development advocates embrace RETTs because they mitigate the very activities that can lead to displacement-high- end real estate sales with rapid turnover. Last Updated.,January 2003 "Many places call their transfer How To Use It? taxes"documentary stamp taxes" because the tax receipt is a stamp affixed to the documents before they are recorded. Real estate transfer taxes can be enacted at the state, county, and municipal level.They become part of closing costs, usually adding a nominal amount to the associated fees. They are sometimes called "documentary stamp taxes," because they require a "stamped" receipt of payment before the title transfer documents are recorded at a county clerk's office. Many states and localities already have a RETT on the books, but neighborhood advocates may want to increase it and/or redirect its use. For new and amended RETT ordinances alike, there are a number of variables to consider: What's covered? Residential properties (single family and multifamily, owner-occupied and rental) are usually covered by RETTs. Vacant land, industrial, commercial, and retail properties may be included depending on the circumstances. Jurisdictional decisions are based on market trends. Sometimes, RETTs are http://www.kintera.org/site/c.1kIXLbMNJrE/b.8016725/k.7F5B/Real Estate_Transfer Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 2 of 12 used to encourage investment in certain properties, such as industrial developments that will create jobs. What is the tax rate?A RETT is usually applied as a percent of the sales price or as a set dollar amount per $1,000 of value of a sold property. New Jersey, for example, charges $1.75 per $500 of the first $150,000 of purchase price and an additional $.75 per $500 of any amount over $150,000.The level is usually a balance between raising sufficient funds to meet the goal for the RETT and the politically feasibility of such taxes. Exemptions. In order to avoid burdening low-income homebuyers, a RETT is often applied only to the amount of the purchase price above a certain threshold, such as $75,000. Use of the Revenues. RETTs usually go directly into general revenue. But some or all of the money can also be targeted for specific uses. Affordable housing, schools, and open space preservation are some of the most common uses. New Jersey, for example, shares its revenue between the county where the sale took place and the state, with the bulk of the state's portion going to environmental protection and neighborhood preservation. RETTs are a very common way to fund housing trust funds. According to the Fannie Mae Foundation, 12 of the 37 state-level housing trust funds are funded by RETTs, and most of the large funds (over $10 million in revenues) get some of their income from RETTs. Who pays the tax?A RETT may be the responsibility of the buyer, the seller, or both jointly. In practice, the division of the tax is often negotiated at closing. In Ontario,Canada,first-time home buyers may apply for a land transfer tax refund up to$2000 if the home purchased is a newly constructed home. Anti-Speculation Measures. RETTs are usually set low enough that they do not affect the market in any noticeable way. But sometimes RETTs are designed to damper speculation, purchases followed by rapid resale and steep price increases, with little or no actual improvement made to the property. Property "flipping" schemes also can employ fraudulent assessments of real estate value or inaccurate claims about the level of renovation. RETTs can reduce the motivation for speculation in a few ways: • Tax rates can be based on the amount of time the property is held, with very high rates-high enough to affect profit-for properties held for six months or less. Rates then decrease until they reach a more usual, unobtrusive level after 3-6 years. Alternatively, a portion of the profit may be exempt from the tax, but only if a property has been held for a minimum period of time.These practices discourage speculation without penalizing long-term homeowners. • Taxes can also be based on the amount or increased price , and/or the percent of profit from sales.Thus, windfall profits with little investment would be taxed at a higher rate.The costs of http://www.kintera.org/site/c.1kIXLbMNJrEfb.8016725/k.7F5B/Real Estate_Transfer Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 3 of 12 improvements made to a property would be subtracted from the calculations of profit or sales price increase. In either case, to make sure only speculators pay higher tax rates, exemptions can be made for people over 65, new construction, emergencies, or homeowners in situations such as job loss or transfer, adverse change in income, recent divorce, new children, marriage, or death of a family member. Anti-speculation measures also make property-flipping scams less appealing and more difficult to carry out, since the enforcement agency will have records of sales that involve rapid ownership turnaround and large price hikes. Gettin _a_RETT Passed --------_----- Until 1966,there was a federal transfer tax on real property. When it expires, many states, like Maine,adopted one in its place. Secure State Permission. Many states require municipalities to get state approval to pass a new tax.To approve a local RETT in one of these states, a jurisdiction must first make its case to the state, to get a "local option," and then pass it locally. This can require a lot of work(and swift timing). In 1996, residents of Cape Cod, Massachusetts petitioned the state for permission to establish a RETT for conservation purposes. The state legislature approved a voter referendum, but by the time the RETT ordinance came to a vote, the opposition was well organized and the ordinance lost. Regarding states that require approval for a RETT, ]aimie Ross, affordable housing director of 1000 Friends of Florida, suggests that its most feasible for revenues to be shared between the state agencies and local governments. Ms. Ross brought together a coalition that created a bill to increase the state RETT in Florida and direct some of it to affordable housing (see Tool in Action). Ross says that once state-level players have something to gain from the proposal they will throw their weight behind it, giving it a much better chance of passage. Build a Coalition. As with any local ordinance, there are many interest groups that might be supportive if they are reassured that the RETT will not harm their interests, or better yet, that it will benefit them in some way. Exemptions that protect long- time or low-income homeowners or agreements to use some of the revenue to fund homeownership (creating business for realtors) may be crucial to winning allies. To build a coalition like this, it is important to solicit input from all relevant stakeholders before the details of the ordinance are finalized. "Find out what everyone's bottom line is, compromise to meet their needs, and then don't break the integrity of that compromise," says Ross. Stay Mobilized. RETTs, and the programs they fund, can come under attack in times of economic stress. Keeping the original coalition together, and keeping track of the good things the http://www.kintera.org/site/c.IkIXLbN4NJrE/b.8016725/k.7F5B/Real Estate_Transfer_Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 4 of 12 money has funded, will be essential to maintaining the RETT as a dedicated source of funding for equitable development. Challenges Political "REALTORS need to be concerned,because these kinds of taxes are viewed as easy,"says Glenn Dorfman,executive officer of the Minnesota Association of REALTORS. 'They don't hit everybody,just users,and in the case of real estate, infrequent users." REALTOR Magazine Online, November 1,2002 The real estate industry tends to automatically oppose taxes affecting their industry. In fact, the website of the National Association of Realtors has an entire section devoted to RETTs, which includes a long list of links to news stories of realtors opposing and defeating RETT measures.They typically claim RETTs will both make housing unaffordable and cause housing markets to stagnate. Foes like this will rally property owners of all sorts who are afraid of losing value and local officials who are afraid of discouraging investment. There are two responses to this. First, the alarmist statements about harming the market have never been proven. Jaimie Ross, who was a real estate attorney before joining 1000 Friends of Florida, calls the assertion of harm "unadulterated ridiculousness," adding "there is not a real estate transaction anywhere-residential or commercial, low price or high-that has not happened because of the documentary stamp tax [Florida's RETT]," she says. "I can say that unequivocally. It is never part of the decision to buy and sell. The only issue is how are [buyer and seller] going to split it." Winning realtors over necessitates showing them how they will benefit. Using at least some of the money earned for homeownership programs, for example, directly increases their business. In Florida, the realtors' lobbyist recognized the potential of more homebuyers early on, and has been a firm supporter. Legislative Hurdles In some states, localities must jump through many hoops to pass new local taxes. Some states prohibit local governments from instituting new taxes without state approval, or without a yes vote from an extra-majority of voters (e.g. two-thirds approval). The legality of the tax may also be challenged in some states as an income tax, especially if sellers pay and there are anti-speculation measures. If a RETT is classified as an income tax, it might require voter approval. Administration of_Anti-SDeculation_Measures http://www.kintera.org/site/c.1kIXLbN4NJrE/b.8016725/k.7F5B/Real Estate Transfer Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 5 of 12 When a tax is gradated based on length of time of holding and/or profit received, the administration becomes much more complicated. The agency administering the tax needs to track the dates and prices when properties change hands, assess the value of improvements, and handle exemptions and appeals.This will cost more money and time, and generally makes these sort of measures unappealing to small jurisdictions. Making the formula for calculating the tax rate as simple as possible, and creating a standardized form used in all closings (to determine which tax rate applies) can make the record- keeping somewhat simpler. Case Studies It's All in the Details: Florida's Dedicated Revenue Source for Affordable Housing It came about because of ignorance. At least that's what Jaimie Ross, affordable housing director at 1000 Friends of Florida claims. When she arrived in Tallahassee in Summer 1991, Ross knew little about the politics and animosities surrounding funding for affordable housing. But she quickly found out all was not well. Ross's first goal on the job was encouraging local governments to implement their comprehensive plans and meet their affordable housing goals. But she was getting nowhere because it was lack of funds-rather than lack of will-that was holding the localities back. So Ross began to look into the question of funding, and she found two initiatives afoot. At approximately$15/person, Florida currently has the largest dedicated revenue source for housing in the country. The city of Tampa had for years been trying to win a "local option" bill that would give localities the right to pass their own real estate transfer taxes to fund affordable housing. Meanwhile, a different affordable housing funding bill had emerged from several housing industry groups who were participating in an ad hoc working group on affordable housing convened by Governor Lawton Childs . Ross talked to the sponsors of each bill, and each felt the other one didn't stand a chance. "I said these people need to come together," she remembers. Building.a Coalition_-_---____- Ross started by calling the Tampa city lobbyist, Cathy Bentancourt, who put her in touch with other affordable housing advocates. "Soon there were so many people coming to my meetings we couldn't hold them in our office," recalls Ross. "So I asked the home builders if we could have it at their office." The home builders said yes, but when Ross told Bentancourt http://www.kintera.org/site/c.1kIXLbMNJrE/b.8016725/k.7F5B/Real_Estate Transfer_Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 6 of 12 about the new location, Bentancourt told her "Hell no!" The home builders, along with the Realtors, had taken the lead in defeating the Tampa local option bill over and over, and Bentancourt refused to show up if the meetings were at their offices. Ross had uncovered a deep mistrust in the housing world. "If I'd had that knowledge beforehand, I would've thought it couldn't be done," she says. But having come this far, and seeing it as the only option to make some lasting change, she persevered. She found a meeting room on neutral ground - at the legislature - invited everyone, and sat back. "I was scared out of my mind," she says. 'These were powerful people. No one knew who I was, but they knew each other. And they started hammering out a compromise bill." The coalition included the Florida Home Builders Association, Florida Association of Realtors, Florida Association of Counties, Florida League of Cities, Florida Legal Services, Department of Community Affairs, Florida Housing Finance Corporation, Florida Impact, Florida Catholic Conference, and the Florida Housing Coalition. Their bill became the William E. Sadowski Act of 1992. It raised the state's real estate transfer tax (called the documentary stamp tax) by a dime, from 60 to 70 cents per $100. That increase was directed 30 percent to the state housing finance corporation, and 70 percent to be divided among the housing trust funds of 67 counties and 48 cities (the ones eligible for federal Community Development Block Grants). In 1995 another 10 cents per $100 of the revenue stream would be re-directed to the housing programs. Building a ComRromise The Sadowski Act Coalition made the State Housing Initiative Program so detailed there was hardly any need for rule making to implement it. Ross says the bill was successful because it spelled out a very specific program - the State Housing Initiative Program - that explained exactly how the money would be used. Each member of the coalition got some benefits and made some compromises in crafting the program's guidelines. For example, 65 percent of the money must go to homeownership programs - this was a compromise between the Realtors' goal of 100 percent and the low-income advocates' goal of no more than 50 percent. The home builders got a guarantee that 75 percent of the money would go to construction-related activities, and that participating local governments would expedite the permitting process for affordable housing. The low-income advocates got a requirement that at least 30 percent of the money would go to housing for very low-income people (under 50 percent of median income) and another 30 percent to low-income (under 80 percent of median), with the remaining available for projects for people up through moderate-income (under 120 percent of median). No exemptions to the tax at all were included - Ross says the prospect of negotiating them was far too complicated, and http://www.kintera.org/site/c.1kIXLbMNJrE/b.8016725/k.7F5B/Real_Estate_Transfer Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 7 of 12 would've become a real "sticky wicket." So the coalition steered clear. The Catalyst Program is delivered through the Florida HOusing Coalition. It provides on site technical assistance,a hotline,and workships for local governments and nonprofits on every part of affordable housing. Within these parameters, the local governments have flexibility about how to use the money. It has been used for rehab work, foreclosure prevention, new construction, down payment assistance, and more. A strong accountability component is built in -the money must be "expended" within two years, and "expended" means a qualified person has actually moved in. The Sadowski Act also sets aside $350,000/year for the Catalyst Program, which provides training and technical assistance on all aspects of affordable housing to local governments - many of which had never received housing funding before the act was passed. It was these details and compromises that made the bill politically feasible," says Ross. The state housing finance corporation went to bat for the Act, since it stood to get 30 percent of the revenue. And the housing industry lobbyists saw that in the end, the increased housing funding would be good for business. "Have your Realtor call my Realtor," Ross sometimes jokingly tells colleagues in other states who are facing Realtor resistance. Hanging on to Success Although the Sadowski Act has made Florida the envy of affordable housing advocates across the country for the past 10 years, in 2003 Florida housing advocates are facing a tough challenge. Governor Jeb Bush has proposed redirecting the transfer tax money and funding housing on an annual appropriations basis. This would seriously weaken the housing programs, and require a huge amount of energy to yearly lobby for funding. But the good news, according to Ross, is that the Sadowski Act Coalition has continued to meet every year since the act was passed to monitor its successes and advocate for continued affordable housing funding. Since the coalition is still around, Ross thinks they can put up a good fight in the legislature. The years of accountability reports will also provide them with good data to make their case. After all, the reason the coalition is still together, says Ross, is because the housing program works. Success Factors Ingredients..__for_Success Ask these questions about your program: What is the target population?What are acceptable activities?How can it benefit members of your coalition?What accountability measures are there? http://www.kintera.org/site/c.1kIXLbN4NJrE/b.8016725/k.7F5B/Real Estate Transfer_Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 8 of 12 Be specific about how the money will be used. Jaimie Ross, of 1000 Friends of Florida, says the biggest mistake she's seen in campaigns for RETTs is that "all they're trying to do is get money and give it out to local governments." Communications should explain how the money will be used, and how programs will be held accountable. Such measures give potential allies something to rally around. It makes a RETT proposal seem less like another tax and more like a way to fund something specific and desirable. Get some real estate professionals on your side. In 1986, Block Island, Rhode Island, won permission from its legislature to set up a land trust and fund it with a real estate transfer tax. That same year, several other Rhode Island municipalities lost similar measures.The difference, according to a January 12, 2002 article in the Block Is/and Times, is that local real estate interests supported Block Island's proposal. Illinois and Cook County have RETTs that are charged to the seller,while Chicago's is charged to the buyer. Maintain the integrity of compromises. In order to pass the Sadowski Act, a 1992 Florida law which increased the state RETT and directed a portion of it to affordable housing, low- income advocates had to lower what they considered an acceptable percentage of funds devoted to very low-income individuals. In turn, the realtors lowered their goal for percentage of funds directed to homeownership. "We'd rather have a smaller slice of the pie than a big slice of no pie," says Jaimie Ross, who brought the various parties together for their first meetings. Once the coalition reached their agreement, neither side independently tried to have the numbers adjusted in their favor. Ross says this consistency kept the coalition together even after the legislation was passed. Create Strong Accountability Standards. When devoting RETT revenue to a particular use, create detailed guidelines as to how the money will be used and how expenditures will be documented and reported. Why Use It? Real Estate Transfer Taxes can: Increase Funding for Equitable Development. Affordable housing and other equitable development programs are difficult to fund. RETTs, however, can be easily designed to produce a dedicated source of funding for these programs. REFTs provide local matching funds for federal grants and leverage private funding. If a housing trust fund gets revenue from a RETT, for example, it can rely on a (fairly) http://viww.kintera.org/site/c.1kIXLbNINJrE/b.8016725/k.7F5B/Real_Estate_Transfer Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 9 of 12 predictable stream of income without being dependant on annual budget processes. Capture Investment Entering the Neighborhood. As new businesses, homeowners, and landlords move into gentrifying neighborhood, RETTs can capture a portion of that investment and redirect it to programs that preserve what made the neighborhood attractive in the first place, while allowing long-time residents to benefit from reinvestment along with newcomers. Discourage Speculation. Aggressive speculation can throw an entire housing market out of balance. Reducing speculation stabilizes rents; home and apartment prices; and property taxes.The jurisdiction as a whole benefits through maintaining diversity and affordability of its housing stock. DATA AND MAPS COMING SOON Download the Tool RE ., Resources 1000 Friends of Florida, Affordable Housing Program "Field Guide to Real Estate Transfer Taxes", National Association of Realtors http://www.kintera.org/site/c.IkIXLbMNJrE/b.8016725/k.7F5B/Real_Estate_Transfer Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 10 of 12 "Real Estate Transfer Taxes", from Financing Local Parks,Trust for Public Land. "The New Jersey Realty Transfer Tax." American Lawyer Newspapers Group, Inc., New Jersey Law Journal. June 21, 1999. "Real estate agents eye house rental tax", Read Kingsbury, Block Island Times, January 12, 2002. "Homeowners and the New Land Tax". Michael Larkin, Hicksville Illustrated News. August 20, 1999. Financing RETTs can be easily used for community benefits, and they are not very difficult to administer. And RETTs can raise significant sums. In Nassau County, New York, a RETT of 1% on real estate transfers over $500 was instituted in the face of a budget deficit, with an expectation of$50 to $60 million annually for the county from roughly $5 to $6 billion in sales. In 2000-2001, the state of Michigan collected $262,682,000from its RETT, which it directed to the School Aid Fund. The level of revenue that a RETT creates depends primarily on: • the rate charged; • the types of properties covered; and • the level of real estate market activity. The amount generated for equitable development will also depend on how the revenue is allocated, and whether it is split among several recipients. As a dedicated source of revenue, the main problem with RETTS is their fluctuation within the housing market. Policy Wq ing_with_states ___---_----------__-__.__. .__----------- ------___. There are two approaches to working with states that have policies forbidding local municipalities to pass new taxes. The first is to petition the state for permission, sometimes called a "local tax option bill." The second is to mount a statewide campaign to create RETTs that are shared among localities. Going statewide involves a large number of interests and http://vvww.kintera.org/site/c.1kIXLbN4NJrE/b.8016725/k.7F5B/Real Estate_Transfer Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 11 of 12 requires a great deal of coordination. Statewide efforts may not make sense if opposition is not expected. However, state level campaigns have the advantage of bringing in many allies, such as housing finance agencies, and can have a redistributive effect by collecting the tax from all areas of the state, including areas with more rapid growth. Tie REM to other tools RETTs are a perfect complement to a variety of affordable housing tools, especially housing trust funds. Assigning some or all of the revenue from a RETT to a housing trust fund both ensures a dedicated source of funding for housing and makes the tax easier to pass in the first place, because the tax clearly addresses the broadly understood need for more housing. RETTs can also be tied to other housing programs, depending on the needs of a locality. Share Other groups, especially conservation and education proponents, are also looking to RETTs for funding. Forming coalitions and crafting policies that allocate revenues to other programs, can be an effective strategy in uncertain climates. Key Players • Affordable housing advocates and their constituents. A coalition to pass, increase, or redirect a real estate transfer tax will often start with lower income people, housing advocates, and others concerned about affordable housing and displacement. Employers concerned about the dispersion and displacement of some of their workforce, and other less usual affordable housing advocates should be included. • Rea/estate industry.. Realtors and homebuilders will be involved in any RETT proposal. The only question is whether their involvement will be as bitter opponents or allies. To win them over, make sure that RETT funded programs have some clear benefit for the industry's members. • Property owners. Property owners, especially low- or middle- income homeowners, are going to be concerned about how the tax will affect them. This is especially true if punitive anti-speculation measures are being considered. Education about the benefits the tax, along with considering carefully focused exemptions, can bring them on board. • State and local governments. Local governments are likely to be supportive of a new source of revenue as long as it will not be too politically costly. State governments' attitude can range from hostile to ambivalent to supportive, depending on the strength of the coalition, the political climate, on taxation in general, and whether the proposal is a statewide measure that will bring funding to state agencies as well. http://www.kintera.org/site/c.1kIXLbMNJrE/b.8016725/k.7F5 B/Real_Estate_Transfer_Tax... 11/7/2017 Real Estate Transfer Taxes - PolicyLink Page 12 of 12 • Tax specialists are useful in advising on the structure of the tax and the implications of different options in both achieving the goal of reducing displacement and in putting together an effective coalition. Contact PolicvLink I Site Man http://www.kintera.org/site/c.1kIXLbN NJrE/b.8016725/k.7F5B/Real_Estate_Transfer Tax... 11/7/2017 FustAmerican Transfer Stamp Requirement Listing fi Title Insurance CompwW Revised: 03.01.17 a r x d'� ✓'<.-,.; .tt�+TM': u+.a. ,..•z+4 _ ...a .a ,,.. x,€E ��'"riff #` ..;.' ;.'-=`'"2 lt&vern VT' e�u7;x*r. -.�,.. ,... ,. ,s« n:; ,:�*,._. - '�<,�,.. _`;.,,.,:er s "i`.'..' Illinois* • $0.50 per$500 Seller County Recorder's Office • Grantor/Grantee form to complete for exempt 118 N.Clark St#120 (312)443-5086 Cook County* • $0.25 per$500 transaction Seller Chicago,IL 60602 www.ccrd.info/CCRD/i1031/index.iso • Required to use EZDec on line program DeKalb • $0.25 per$500 Seller 110 E.Sycamore St (815)895-7156 County* Sycamore,IL 60178 www.dekalbcounty.org Du Page . $0.25 per$500 Seller 421 N.County Farm (630)682-7200 County* Wheaton,IL 60187 www.co.dUDaae.il.us Grundy 111 Washington St (815)941-3215 Coun * • $0.25 per$500 Seller Morris,IL 60450 www. rund co.or Kane County* • $0.25 per$500 • Seller 719 S.Batavia Ave (630)232-5935 Geneva,IL 60134 www.countvofkane.org Kendall • $0.25 per$500 • Seller 111 W.Fox St (630)553-4112 County* Yorkville,IL 60560 www.co.kendall.il.us Lake County* • $0.25 per$500 0 Seller 18 N.County St (847)377-2575 Waukegan,IL 60085 www.lakecount il. ov LaSalle 707 Etna Rd-Room 269 (815)434-8226 County* • $0.25 per$500 Seller Ottawa,IL 61350 www.lasalleco unty.org McHenry 2200 N.Seminary Ave (815)334-4110 (815)338-2040 Ext.115 County* • $0.25 per$500 Seller Woodstock,IL 60098 www.co.mchenM.il.us Will County* • $0.25 per$500 0 Seller 302 N.Chicago St (815-740-4646) Joliet,IL 60431 www.willcoun recorder.com • Certificate of Sewer Compliance required—call 630-693-7530 2 weeks prior to close • Stamp$2.50 per$1,000 • Final water meter reading—call 630-693-7570 24 • $50 Exempt stamp required hours prior to close One Friendship Plaza (630)693-7530 Addison . Final water bill must be paid • Buyer required to make 2 trips to village: Buyer Addison,IL 60101 www.addisonadvantaae.org • $0—Sewer inspection 1.To complete application to establish water and sewer prior to close. 2.To provide PTAX and copy of deed for stamps • Permit release required call to verify) • No city stamps 2200 Hamish Drive (847)658-2700 Algonquin . Final water bill must be paid Algonquin,IL 30102 www.algonguin.com • Transfer form required-available online • Stamp$3.50 per$1,000-$100 • Provide village copy of contract signed by both minimum parties and indicating sales price,address,&PIN 4500 West 123rd St (708)385-6902 Alsip . $15 Exempt stamp required • Seller must be at home for final water meter Seller Alsip,IL 60803 www.villaaeofaisio.oro • Final water bill must be paid reading • No personal checks Arlington • No city stamps 3435 N.Kennicott Ave (847)368-5000 Heights • Final water bill must be paid • Arlington Heights,IL 60004 www.vah.com • Stamp$3.00 per$1,000 • Transfer form required-available online (630)256-3570 • $0 Exempt stamp required • Seller request Statement of Open Accounts(water 44 E.Downers www•auroa Aurora* Seller (click Finanncece or on left;then Revenue • Final water bill and all other village bill)—contact village 5 days prior to close to obtain. Aurora,IL 60507 &Collection) debts to be paid (630)256-3600 Fox Metro: 630 892-4378 Barrington • No city stamps 200 S.Hough St (847)304-3400 • Final water bill must be paid i i Barrington,IL 60010 www.barrin ton-iI. ov *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 1 of 18 RmtAnwican Transfer Stamp Requirement Listing T"rtk Insurance Company Revised: 03.01.17 I zq " * Transfer form required-available online e Stamp$3.00 per$1,000 * Provide village PTAX and copy of deed or sales 228 S.Main (630)540-5950 Bartlett a $0 Exempt stamp required contract for stamps Seller Bartlett,IL 60103 www•villaoe.bartlett.il.us e Final water bill must be paid a Complete Vacant Building Registration Form and (under Village Forms) ins ection if REO property Batavia * No city stamps * Need to provide buyer's name 100 N.Island Ave (630)879-1424 * Final water bill must be paid Batavia,IL 60510 www.ciiyofbatavia.net e $25 Zoning Inspection and Certification a Submit zoning application 10 days prior to close. 11270 W.Wadsworth Rd (847)246-6006—Donna Perez Beach Park * $100—Inspection fee for property Contact Village to obtain application Seller Beach Park,IL 60099 www.villaaeofbeachoark.com vacated for 6+months e All village debts must be paid e Stamp$50 flat fee * Transfer form required—available online 6701 South Archer Rd (708)458-2067 Bedford Park * $0 Exempt stamp required Inspection required-no fee(call to schedule) Seller Bedford Park,IL 60501 www.villageofbedfordoark.com * Water bills must be paid * Home inspection by village * Stamp$5.00 per$1,000(obtained prior to close) e Provide village original deed,contract,and survey * Stamp$10.00 per$1000(obtained for stamps 3200 Washington Blvd (708)547-3500 Bellwood after close) * Transfer form required&obtained when final water Seller Bellwood, IL 60104 www.vil.bellwood.il.us $10 Exempt stamp required bill is paid * $175 inspection * Allow 7 days for inspection * Final water bill must be paid * No stamps required Bensenville * All village debts must be paid a NSA 12 S.Center St (630)766-8200 $55—Inspection fee if property Bensenville,IL 60106 www.bensenville.il.us vacated 120+days * Provide village original deed for stamps e Stamp$300 flat fee(covers home * Cash or certified check only 5819 Electric Ave (708)449-8840 Berkeley and sewer inspections) * Home and sewer inspections required and ONLY Seller Berkeley,IL 60163 www.berkelev.il.us All village debts must be paid performed on Mondays. * Allow 14 days for inspections * Stamp$10.00 per$1,000 a Transfer form required-available only at village e $100 Exempt stamp required hall * $50 Inspection a Provide village PTAX and original deed for stamps 6700 W.26th St (708)788-2660 Berwyn * $75 Inspection for 2 flat Seller $125 Minimum inspection fee for * Call Water Dept.5 days prior to close. (708)788 Berwyn,IL 60402 www.berwyn-il.aov 2660 commercial(based on sq.footage) a * Final water bill must be aid No personal checks Bloomingdale * No city stamps required a 201 S.Bloomingdale Rd (630)893-7000 * Final water bill must be paid Bloomingdale,IL 60108 www.villa eofbloomin dale.or No city stamps required e $100 Inspection SRR,condo, * Complete Notice of Intent to Sell application townhome * Final water meter reading required 13051 S.Greenwood Ave (708)597-8606 Blue Island * Inspection fee for other property * Certificate of Closing will be issued upon Seiler Blue Island,IL 60406 www.blueisland.ora types vary,contact village. completion of all requirements * All village debts must be paid *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 2of18 FustAmciican Transfer Stamp Requirement Listing fi Tick Insurance Compsay Revised: 03.01.17 ,r« - z +,,, a': `= 4 r x: r u:= k ,• £' d*r, 'f -.,: a --- r ;?, ,� .fit'--¢{ �`v x .`^'fie c "",i.t:� _ x4 .:e rS•. t. ...w. _ ..r' :"�.k... pryy � s N yj� F yyy jyyj yw _' �y ra ;Y 'c`ka4JLNy� !_5—i td4N, TA W l. :,�'� -..... 4:. ........"_ w u*, :;.-ram .�,.,:� ,.,,. _ �..-r,=.�,..a,..:..� .,_.:-:.�tt �.-" .. .,. ...._ � t .:€:-3# ':.=,c..'s,�"�:�1� =:�at.:� ? ,3 . ,''s•r ��`� ' �','z"-. i;.'��6'�u��z a.. ;e.,= • Stamp$7.50 per$1000 • Provide deed,PTAX to obtain stamps Bolingbrook' • All village debts must be paid- • Residential Transfer&Information form required— Split 375 Briarcliff (630)226-8430 clearance letters valid for 5 days available online Bolingbrook,IL 60440 www.bolingbrook.com • $50 Exempt stamp required • Call village for final water meter reading • $175 certification of compliance • Provide original deed for village to affix stamp. stamp • Certification of Compliance stamp must be initialed • $100 or more Inspection depending by village clerk. Cannot record without. 2350 S.25th Ave (708)681-3600 Broadview on property type • Certificate of Occupancy required Seller Broadview,IL 60153 www.brookfieldil.gov • Final water bill and all other village • Final water meter reading required debts must be paid • No personal checks • $200 Inspection 8820 Brookfield Ave (708)485-7344 Brookfield • Final water bill and all other village • Seller Brookfield,IL 60513 www.villageofbrookfield.com debts must be paid • Stamp$3.00 per$1,000 . Provide copy of deed and PTAX to obtain stamps 50 Raupp Blvd (847)459-2500 Buffalo Grove • $0 Exempt stamp required . Transfer form required—available online Seller Buffalo Grove,IL 60089 www.vbg.ora • All village debts must be paid • Final water meter reading required 72 hours prior to • Stamp$5.00 per$1,000-minimum closing call(708)424-6030 Burbank $100 • Transfer form required Seller Burbank,W.79th 0 www urban 00 • $0 Exempt stamp required • Provide village deed for stamps when exempt Burbnk IL 60459 www.burbankil.gov • Certified funds only • Stamp$5.00 per$1,000 • Provide copy of signed and notarized deed and contract to obtain stamps 14450 Manistee (708)862-9150 Burnham • $0 Exempt stamp required • Cash only for payment Buyer Burnham,IL 60633 htto://burnham.oausetime.com • Final water bill must be paid . Transfer form required • Stamp$8.00 per$1,000 to$2M ➢ $4 Seller ➢ $4 Buyer • Transfer form required-available online 670 Wentworth (708)891-8110 Calumet City • $0 Exempt stamp for Judicial Sales • Pick up stamps 48 hrs prior to closing Split Calumet City,IL 60409 www.calumetcitv.org deed • Contact municipality for stamp rates over$2M. • $50 Exempt stamp required on SFR • Stamp$5.00 per$1,000 • $15 Exempt stamp required • $100 Inspection(Buyer charge) • Depending on inspection city may require a$2500 12409 S.Throop (708)389-0851 Calumet Park . Inspection fee varies for other escrow to obtain stamps Either Calumet Park,IL 60643 www.calumetoarkvillage.org properties,contact village • Final water bill to be paid • Provide sales contract and PTAX to obtain stamps • Stamp$3.00 per$1,000 (630)665-7050 • Transfer form required—available online 500 N.Gary Ave Carol Stream • $25 Exempt stamp required Seller (630)871-6222 Water Dept. • Final water bill must be paid • Must schedule final water meter reading-2 day Carol Stream,IL 60188 www.Garoistream.org notice required Carpentersville • No stamps required • Final water meter reading required 1200 L.W.Besinger Dr (847)551-3476 Carpentersville,IL 60110 www.vil.carpentersville.il.us •First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 3of18 FustAmerican Transfer Stamp Requirement Listing 711tk Insurance Company Revised: 03.01.17 y =A[ yx.`. �:+ ...� , • Stamp$3.00 per$1,000 • Transfer form required-available on-line • $0 Exempt stamp required 24555 S.Navajo Dr. (815)467-5311 Channahon . Final water and garbage bills must ' Provide original deed and PTAX form to obtain Buyer Channahon,IL 60410 www.channahon.ora be aid stamps • Stamp$5.25 per$500 ➢ $1.50 per$500 Seller . City transfer declaration form required(available at 121 N.LaSalle S.-Room 107 (312)747-4747 Chicago* ➢ $3.75 per$500 Buyer FATIC offices) Both Chicago,IL 60602 www.citvofchicago.org • $0 Exempt stamp required • $120 Zoning Certificate Chicago • $50 Water Certification .Water certificate required on exempt deeds as well. Seller • (First American fee for obtaining certificates-$75 • Stamp$4.00 per$1,000 • Transfer form required-available on-line Chicago • $0 Exempt stamp required • Provide village original deed for exemr)t stamps Seller 1601 Chicago Rd (708)756-5300 Heights • $100 Inspection • Final water meter reading required Chicago Heights,IL 60411 www.cityofchicagoheights.org • All village debts must be paid • Stamp$10.00 per$1,000 • Transfer form required-available at village hall • Provide village original deed for stamps • $50 Exempt stamp required 4949 W.Cermak Rd. (708)656-3600 Cicero • $50 Minimum inspection • Schedule inspection at least 30 days in advance of Seller Cicero,IL 60804 www.thetownofcicero.com • Final water bill must be paid closing • Village hall closed on Fridays Clarendon Hills • No stamps required • Final water meter reading required. N/A 1 N.Prospect Ave (630)323-3500 Clarendon Hills,IL 60514 www.clarendonhills.us • Stamp$5.00 per$1,000-$50 min. . Transfer form required-available on-line Country Club • $50 Exempt stamp required 4200 W. 183rd St (708)798-2616 Hills • $50 Inspection • Stamps issued by village between 8AM 4PM only Seller Country Club Hills,IL 60478 www.countryclubhills.ora • All village debts must be aid • No personal checks • Stamp$50 flat fee • $100 Pre-sale inspection • Transfer form required-available online • $0 Exempt stamp required 5550 East Ave (708)354-7270 Countryside . Water,Sewer and Weed Cutting • Provide village copy of deed for exem t stamps Seller Countryside, IL 60525 www.countryside-il.org charges must be paid(receipts • Inspection not required for exempt deed required) Crystal Lake • No stamps required • Final water meter reading required 100 W.Woodstock St (815)459-2020 Crystal Lake,IL 60039 www.crystallake.orq • No stamps required • Call Du Page County Public Works for water bill 1702 Plainfield Rd (630)852-5000 Darien • Final water bill must be paid 630 985-2905 Darien,IL 60561 www.darien.il.us Deerfield • No stamps required 850 Waukegan Rd (847)945-5000 • Final water bill must be paid Deerfield,IL 60015 www.deerrield.il.us • No stamps required 200 South 4th St (815)748-2000 DeKalb • Final water bill must be paid • DeKalb,IL 60115 www.cilyofdekalb.com *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 4of18 ." ..4*,c FintAmerican Transfer Stamp Requirement Listing 7-itk Insurance Company Revised: 03.01.17 ' a� '�i ` d.< a ,z; a 3 �* n .ram- i ..'�^.x -€,=.ia3 ,� a -? - .,��Se ` • Stamp$2.00 per$1,000 • Transfer form required-available online • $10 Exempt stamp required • Original deed required for exempt stamps (847)391-5382 Des Plaines • $25 Inspection for rental or leased • Fax transfer form to village 5 days prior to closing Seller 1420 Miner St.—#301 FAX(847)391-5402 property to obtain stamps. Des Plaines,IL 60016 www.desplaines.ora • Final water bill must be paid on ALL • Allow 5 days for water meter reading prior to transactions obtaining stamps • Provide copy of deed and contract to obtain stamps • Stamp$5.00 per$1,000 in addition • Transfer form required to$50 Transfer Stamp • Schedule&pay for inspection with application in 14014 Park Ave (708)201-3263 Dolton . $200 Inspection advance. Allow 5 days to complete. Seller Dolton,IL 60419 www.vodolton.ora • $50 Exempt stamp required • Roof Certification-Roof Inspection by licensed roof inspector • No stamps required C ( ) g Downers . Declaration form and final payment Contact Sanitation District 630 969-0664 ONLY for WA 801 Burlington Ave (630)434-5500 Grove to Sanitation District final water meter reading Downers Grove, IL 60515 www.downers.us • Transfer form required-available at village hall or • Stamp$25 flat fee can be faxed East Hazel • New Zoning Compliance form-Call village for form. 1904 W. 174th St (708)798-0213 Crest • $0 Exempt stamp required $100 fee and must be completed before transfer Buyer East Hazel Crest,IL 60429 www.easthazelcrest.com • All village debts must be paid stamp will be issued • Final water meter reading required • Stamp$0 • Property search for code violations to be Seller Elgin • Inspection of vacant property acknowledged by buyer. 150 Dexter Ct (847)931-5639 • Transfer form required—available online Elgin,IL 60120 www.cityofelgin.org • All village debts must be paid • Final water meter reading within 5 days of closing • Transfer form required-available online • Stamp$3.00 per$1,000 (847)439-3900 Elk Grove • Final water meter reading—schedule 3-5 days 901 Wellington Ave Village •• All All Exempt stamp required before closing Seller Elk Grove Village,IL 60007 www.elkarove.com village debts must be paid . Water/Sewer affidavit required—available online • Stamp$1.50 per$1,000 (630)530-3117 • Transfer form required-available online • All village debts must be paid 209 N.York St. (630)530-3020 Sump Pump Elmhurst . $0—Sum • Sump pump inspection required Seller p pump inspection . Final meter reading required Elmhurst IL 60126 (630)530-3110 Water Reading www.elmhurst.ora • Stamp$5.00 per$1,000 . Transfer form required-available online • $35 Exempt stamp required 11 Conti Parkway (708)452-7300 Elmwood Park 9 Final water bill must be paid • Inspection required prior to issuing stamps Seller• No personal checks Elmwood Park,IL 60707 www.elmwoodpark.ora • Stamp$5.00 per$1,000 •Village form required—available on line -4311 Evanston . $100 Exempt stamp required • Provide original deed AND 1 copy to obtain stamps Seller Evan Ridge Ave. www 44 ofeva • All village debts must be aid • Final water meter readingwithin 5 days of closingEvanston,IL 60201 www.cityofevanston.orq • Stamp$5.00 per$1,000-$100 Minimum • Transfer form required—available on line (708)422-1551 Evergreen • $0 Exempt stamp required • Schedule water reading 630-547-5235 9418 S.Kedzie Ave Park • $50 Inspection • Schedule inspection 708-229-3333 Seller Evergreen Park,IL 60805 www.evergreenpark-ill.com • $50 Zoning Compliance • No personal checks • Final water bill must be paid *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 5of18 • FirstAmerican Transfer Stamp Requirement Listing Title Insurawe Company Revised: 03.01.17 . :E-,< ..:k S: ,,:. a -.�* .`•:' ..€:^' i�.. z 'w ':€ '� �"�� x �"� M, Flossmoor • No stamps required • Final water meter reading-bill will be mailed to NSA 2800 Flossmoor Rd (708)798-2300 • See require ents seller at new address Flossmoor,IL 60422 www.flossmoor.or • $0 Exempt stamp • Property Inspection 1. $200-condo • Inspection request form—available online (708)366-2323 2. $300—single family • City provides a letter and a compliance stamp 517 S.Des Plaines Ave Forest Park 3. After inspection,if roe Seller wlick onesto A Building p property rty Final water meter reading required at least 5 days Forest Park,IL 60130 (click on Get A Building Permit) sold"as is"then additional prior to close. $100 fee required • Final water bill must be paid • No stamps required . Final water reading required. Final bill request form 66 Thillens Drive (847)587-2151 Fox Lake • No inspection required online(must be submitted 2 days prior to closing) Fox Lake,IL 60020 www.foxiake.org • Final water bill must be paid Fox River • No stamps required 305 Illinois St (847)639-3170 Grove • Final water bill must be aid • All village debts must be paid Fox River Grove,IL 60021 www.foxrive[groyg.org • Pre-sale inspection required(apply at the time of listing property for sale) • Final water meter reading scheduled 5 days prior to • 40 Flat fee-single dwelling close Franklin Park • $0 Exempt stamp • Documents required for sale of property: Seller Fran W.Belmont 01 Floor www 671 4800 • $75 Inspection-single dwelling 1. Original Plat of Survey no older than 6 months Franklin Park,IL 60131 www.villageoffranklinoark.com provided 3 days prior to close 2. Original deed provided 3 days prior to close 3. Receipt of payment of final water bill • Stamp$2.00 per$500 524 W.Stephenson,#300 (815)599-5819 Freeport . All village debts must be aid • Transfer form required—available online Seller Freeport,IL 61032 www.ci.freeport.il.us • Stamp$3.00 per$1000 (630)469-5000 • Transfer form required-available online • $0 Exempt stamp required 535 Duane St. (630)547-5235—water reading Glen Ellyn . $50 Inspection • Final water meter reading 5 days prior to close. Seller Glen Ellyn,IL 60137 (630)469-6756-inspection • Final water bill must be aid • Inspection needed 5 days prior to close. www.glenellvn.org • Final water meter reading—call(847)835-4113 or (847)835-4113 x1110 • No stamps required e-mail finance@gogiencoe.com to schedule. Final 675 Village Ct Glencoe . Final water bill must be paid reads are attempted to be done next day but no Glencoe,IL 60022 www•villageofglencoe.org sooner than 3 business days prior to closing. • Transfer form required-available on line • Stamp$3.00 per$1,000 • Provide village PTAX form and deed for stamps (630)260-6000 Glendale • $25 Exempt stamp required • Certificate of Compliance required—form online 300 Civic Center Plaza (630)260-6010—water reading Heights • $50 Inspection •Arrange for final water meter reading no sooner Seller Glendale Heights,IL 60139 (630)260-6030-inspection • Final water bill must be paid than 2 days prior to closing www.glendaleheights.org • No personal checks • No stamps required • Schedule water meter reading 10 days prior to 2500 East Lake Ave (847)724-1700 Glenview • Final water bill must be paid close Seller Glenview,IL 60026 (847)724-3112—water reading www.glenview.il.us *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 6of18 FitstAmtrican Transfer Stamp Requirement Listing Title Insurance Company Revised: 03.01.17 �'..�:;, ,.: uT R ' 'x 1900, � 57410 Vlll l` -a Y "9M, 3 Hwy, • Stamp$5.00 per$1,000 • Transfer form required—available online • $50 Exempt stamp required • Roof&Heating inspection also required(not done 1 Asselbom Way (708)753-2400 Glenwood • Inspection required—fee depends by village) Seller Glenwood,IL 60425 www.vilia-geofglenwood.com on property type($100 for single • Final water meter reading family) • No personal checks • No stamps required • Final water meter reading 2 weeks prior to close 1 Briar Road (847)998-8852 Golf • Final water bill must be paid • Water certificate issued when final water bill is paid Golf,IL 60029 www.villageofoolf.us • No stamps required 10 South Seymour Ave (847)223-8515 Grayslake • No inspection required • Final water reading required Grayslake,IL 60030 www.grayslake.com • Final water bill must be paid Green Oaks • No stamps required • Closing letter with buyer and seller names and date 2020 O'Plaine Rd 847-362-5363 • Final water bill must be paid of closinq must be sent to village Green Oaks,IL 60048-1547 www. reenoaks.or • No stamps required 325 N O'Plaine Rd. 847-599-7500 Gurnee • Final water bill must be aid • All village debts must be paid Gurnee,IL 60031-2610 www.gumee.il.us • $40 Inspection required • Village Hall closed on Wednesdays,open gam-1pm 100 N.Hainesville Rd (847)223-2032 Hainesville . Final water bill must be aid on Fridays Seller Hainesville,IL 60030 www.hainesville.or Hampshire • No stamps required • 234 S.State St. 847-683-2181 • Final water bill must be paid Hampshire,IL 60140-0457 www.hamr)shireil.org • Stamp$1.50 per$500 • Provide original deed and PTAX to obtain stamps • $10 Exempt stamp required • Transfer form required-available online 2121 W.Lake, (630)372-4200 Hanover Park . Final water bill and all other village • Final water reading day prior to close and final bill Seller Hanover Park,IL 60133 www.hanoveroarkillinois.org debts must be paid paid when stamps purchased • No stamps required • $50—final water meter reading(if requested) 201 W.Front St. 815-943-6468 Harvard • Agent/seller can provide image of Harvard,IL 60033 www.cityofharvard.orq water meter reading • Final water bill and all other village debts must be paid • Stamp$5 per$1,000—buyer/seller split plus$60 fee to the Buyer . Transfer form required-available online • $60 Exempt stamp 15320 Broadway (708)210-5300 opt.9 Harvey • $150 Inspection • Other forms are required-see Harvey web-site Split Harvey,IL 60426 www.citvofharvey.org • Final water bill must be paid for full instructions • All village debts must be paid • Stamp$10.00 per$1,000 • Provide village PTAX form and deed for stamps Harwood • $50 Exempt stamp required • 2 Original transfer form required-available online Buyer 7300 W.Wilson (708)867-7200 Heights • $50 Inspection • Seller must schedule inspection with Bldg.Dept. Harwood Heights,IL 60706 www.harwoodheights.org • Final water bill must be paid • No personal checks over$50. Hazel Crest . $100 Inspection Seller 3000 W. 1701'Place (708)335-9600 Hazel Crest,IL 60429 www.villageofhazelcrest.com • Sewer inspection required 8652 W.95th St (708)598-4800 Hickory Hills • Final water bill must be paid . Final water meter readingrequired N/A Hickory Hills,IL 60457 www.hicko[yhillsil.org *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 7of18 " First American Transfer Stamp Requirement Listing Title Insmance.company Revised: 03.01.17 11 tt a',S e. `? '� an ,= t arE i i m r 3y Ar? st T � 4 its • Copy of Deed required • Exempt transactions require original Deed • Stamp$5.00 per$1,000 (847)432-0800 Highland Park • Transfer form required-available online 1707 St.Johns Ave g $0 Exempt stamp required Seller www.citvhoil.com • Final water bill must be paid • Disclosure statement required Highland Park,IL 60035 (go to Finance,then Transfer Form) • Water utility form required • No personal checks • Survey requried • Inspection(fee varies with property • Property Transfer Inspection Application available 17 Highwood Ave (847)432-1924 ext.223 Highwood type) online Seller Highwood,IL 60040 www.citvofhighwood.com • Final water bill must be paid • Must contact Northshore Sanitary District(847-623- 6060)for final bill • Stamp$7.50 per$1000 • Transfer form required-available online • Copy village PTAX and original deed for stamps 425 Hillside Ave (708)449-6450 Hillside • $0 Exempt stamp required • No personal checks Buyer Hillside, IL 60162 www.hillside-il.org • $50 Inspection(seller charge) . Provide plat of survey for inspection . No stamps required 19 E.Chicago Ave. 630-789-7022 Hinsdale • Final water bill must be paid Hinsdale,IL 60521-3489 www.villa eofhinsdale.or • Stamp$3.00 per$1,000 • Provide copy of deed and PTAX/EZ Dec to obain Hoffman • $10 Exempt stamp required stamps minimum 1 dayprior to closing 1900 Hassell Rd (847)882-9100 . Final water and garbage bills must Seller Estates be paid • Transfer form required-available online Hoffman Estates,IL 60169 www.hoffmanestates.org • All village debts must be aid • Payments can be submitted online • $50 Inspection 4331 Southwest Hwy (708)424-7500 Hometown . Final water bill must be paid Seller Hometown, IL 60456 www.citvofhometown.com/clerk/htmi Homewood • No stamps required • Possible water inspection if water was shutoff 2020 Chestnut Rd 708-798-3000 • Final water bill must be paid Homewood,IL 60430-1776 hftp://village.homewood.il.us • No stamps required 10987 Main St 847-669-9600 Huntley • Final water bill must be aid • Final water meter reading 2 days prior to close Huntley,IL 60142-7394 www.huntle .il.us • No stamp cost WITH inspection • $0 Exempt stamp required • Inspection required Indian Head 201 Acacia Drive (708)246-3137 Park • No stamp for quit claim deed • Inspection form—available on line Seller Indian Head Park,IL 60525 www.indianheadoark-il.gov • Inspection cost varies by property • Allow 7 days for inspection type • No stamps required • Final water bill can be paid at closing 3720 Greenleaf Ave. 847-526-8764 Island Lake . All other village debts must be paid Island Lake,IL 60042-9506 www.villageofislandlake.com • $50 OTI(Owners Transfer Inspection)fee Itasca • Final water bill must be paid • Final water meter reading 5 days prior to close N/A 550 W.Irving Park Rd (630)773-2455 Itasca,IL 60143 www.itasca.com Johnsburg • Final water bill must be paid Seller 1515 Channel Beach Ave (815)385-6023 Johnsbur ,IL 60050-8904 www.eohnsburg.oM *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 8of18 • a w�f�,C. • FimtAmehcan Transfer Stamp Requirement Listing Title Insmawe Company Revised: 03.01.17 '�Ya -�54' �71.Q1'.IjJ�d" N Y4� ac -'S•Y 'd 3 F ` le . } * Y '+.�' Prv, k74� n .. U{��.9Til.k f" k ':Y kil'i" '�'�'t" • If new construction residential disclosure form needed • Stamp$3.00 per$1,000 • Transfer form required—available on line 150 W.Jefferson (815)724-3902 Joliet* • $0 Exempt stamp required • Water/lien letter required and due to village 4 Seller Joliet,IL 60432 www.cityofjoliet.info business days prior to closing-available online • No personal checks • $100 Inspection for SFR • Contact building dept for inspection form(708)458- 9 $100 Inspection for Multi-family/ 2130 $25 each additional unit 7800 Archer Ave (708)458-2520 Justice • $500 Inspection for Commercial/ • Inspection must be paid at time of submitting Seller Justice,IL 60458 www.villaoeofiustice.org $50 each additional unit application. • All village debts must be aid • Inspection good for 6 months. La Grange • No stamps required 447 N.Catherine Ave 708-354-0225 Park • Final water bill must be paid • LaGran a Park,IL 60526 www.la ran a ark.or Lake Bluff • No stamps required • 40 E.Center Ave. 847-234-0774 • Final water bill must be paid Lake Bluff,IL 60044-2597 www.lakebluff.or • Stamp$4.00 per$1000 rounded to nearest$5.00. • Provide copy of deed and PTAX to obtain stamps • $50 Exempt stamp required(allow • Transfer form required-available online 800 N.Field Drive q (847)234-2600,opt 3 then opt 2 Lake Forest 3 days to process) • Unincorporated properties require a letter from Buyer Lake Forest,IL 60045 www.cityoflakeforest.com • Final water bill must be paid village confirming unincorporated status. • $150-Home sanitary sewer inspection Lake in the • No stamps required 600 Harvest Gate (847)960-7400 opt 3 Hills • Final water bill must be paid • Lake in the Hills,IL 60156 EMLith.or Lake Villa • No stamps required 65 Cedar Ave.P.O.Box 519 (847)356-6100 • Final water bill must be paid Lake Villa,IL 60046-0519 www.lake-villa,or • No stamps required 70 E.Main St. 847-438-5141 Lake Zurich . Final water bill must be paid Lake Zurich,IL 60047-2416 www.lakezurich.or Lakemoor • No stamps required 0 28874 Route 120,#C 815-385-1117 • Final water bill must be paid Lakemoor,IL 60051 www.lakemoor.net • Transfer certificate must be submitted 3 days prior to closing • Application for Certificate of payment issued by S Ridge Rd (708)895-7200 Lansing •All village debts must be paid village Treasurer's office required and submitted 3 (708)895-7190-Water days prior to close Lansing, ing,IL 6 www.villageoflansing.org • Final water meter reading required • No personal checks accepted Lemont • No stamps required 418 Main St. 630-257-1550 • Final water bill must be paid Lemont,IL 60439-3708 www.lemont.il.us Libertyville • No stamps required • 118 W.Cook Ave 847-362-2430 • Final water bill must be paid Libertyville,IL 60048-1874 www.libe!:t&ille.com *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 9of18 FirstAmchcan Transfer Stamp Requirement Listing 7-1tk Insurance Company Revised: 03.01.17 ,. *: „- nSf ' � S,; # ie UA • No transfer form required • Need PTAX form with legal description • Stamp$3.00 per$1,000 • Final water meter reading 5 days prior to close • Stamps can be purchased at village hall or at: 1 Olde Half Day Rd (847)883-8600 Lincolnshire • $0 Exempt letter required Buyer • Final water bill must be paid Ancel,Glink,Diamon et al Lincolnshire,IL 60069 www.lincolnshire.il..00v 140 S.Dearborn The Marquette Building,6°i Floor Chicago,IL 60603 312 782-7606 • Need to complete application for Certificate of • $20 Certificate of Payment final Payment—available online. Certificate must be 6900 N.Lincoln Ave (847)673-1540 Lincolnwood water meter reading service fee presented at closing to be recorded with deed. Seller Lincolnwood,IL 60712 www.lincolnwoodii.ora • All village debts must be paid • Schedule water meter reading 1 week before closing • No stamps required 925 Burlington Ave 630-271-4150 Lisle • Final water bill must be aid • Lisle,IL 60532-1838 www.villa a flisle.or • No Lockport tax but note that many properties with Lockport address are in other villages'city limits 222 E.9th St. (815)838-0549 Lockport • Final water bill must be paid that may have a tax. Call village clerk with address Lockport,IL 60441 www.cityoflockoort.net for determination. • Final water meter reading Lombard • No stamps required 255 E.Wilson Ave. 630-620-5700 • Final water bill must be paid Lombard,IL 60148-3931 www.villageoflogit@Ld.org • Certificate of Compliance Inspection required— available online • Complete form and provide to village along with (708)758-6101 opt.3 Lynwood • $100 Inspection 21460 Lincoln Hwy yn Lynwood IL 60411 payment to have inspection done. Seller (708)758-5434(water reading) • Final water bill must be paid • No inspection needed for exempt transactions , www.lvnwoodil.us where no one is moving into property. • Final water meter reading 2 days prior to close • $100 Inspection for SFR • HVAC inspection required(need to be done by a 3rd • $200 Inspection for Commercial/ party) 4200 Lawndale Ave (708)442-4500 Lyons • Termite inspection required need to be done by a Seller Industrial 3'd party) Lyons,IL 60534 www.villaaeoflyons-il.net • Final water bill must be paid • Transfer of Compliance required • Sidewalk Inspection required • No stamps required 98 E.3rd St. 815-929-4800 Manteno • Smoke alarm and CO certificate Call Fire Manteno,IL 60950 www.villageofmanteno.com Department • $125 Inspection for SFR • Provide copy of deed or sales contract to obtain • $200 Inspection for Commercial stamps 16313 S.Kedzie Pkwy (708)331-4905 Markham • $50 Water Stamp • Occupancy permit required prior to sale Seller Markham,IL 60428 www.citvofmarkham.net • Form only available at village hall • Final water bill must be paid • Final water meter reading 5 days prior to closing • $75 Inspection • Call to schedule inspection at least 1 week prior to (708)283-4900 Matteson • $125 Inspection if property has fire close Seller 4900 Village Commons www.villaaeofmatteson.org sprinkler system • Certificate of Occupancy required Matteson,IL 60443 • All village debts must be paid *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 10 of 18 FitstArwrican Transfer Stamp Requirement Listing 7-ide Insurance Company Revised: 03.01.17 t '':`'E� a q"` chi'''"v�,', ram' €W. ' taY ... . .k ^_ "'�-c. kS.:g a,�-.- • Transfer form required—available on line • Stamp$4.00 per$1,000 • Call to schedule inspection-allow 2-3 weeks • $0 Exempt stamp required • Certificate of Compliance required—provide original 40 Madison St (708)450-6314 Maywood deed and PTAX Seller • $90 Inspection Maywood,IL 60153 www.mavwood-il.org • All village debts must be paid • Allow 3 day to obtain stamps • Final water meter reading required • No personal checks accepted • Stamp$5.00 per$1,000-minimum • Transfer form required-available online $100 • Submit original deed and PTAX at least 3 days 5000 Glencoe (708)447-9030 McCook . $0 Exempt stamp required before closing Seller McCook,IL 60525 www.villageofrnccook.org • $50 Inspection • Request inspection 2 weeks prior to close • $150 Inspection for SFR • $250 Inspection 2 family dwelling e New water meter installation required on foreclosed • $300 Inspection for 3 family property($450-$1000) dwelling • Certificate of Compliance—available on line 10 day • $375 Inspection for 4 family notice required dwelling/$75 each additional unit 1000 N.25th Ave (708)343-4000 Melrose Park 9 $250 Inspection for foreclosed • Village needs:survey,forme 00,& is co Seller Melrose Park,IL 60160 www.melroseoark.org property • Note-Melrose Park zip code 60164 is considered • prop$100 Seller charge for property"as Leyden Township and part of unincorporated Cook County-call(312)603-0500 and give specific is" • Final water bill and all other village address debts to be paid • Transfer form required—available online along with MyDec and PTAX form,title commitment and copy • Stamp$5.00 per$1,000 of Deed. 26225 N.Riverwoods Blvd (847)573-1460 Mettawa e $0 Exempt stamp required • Buyer must contact Village to arrange meeting, Buyer Mettawa,IL 60045 www.mettawa.org email clerk cAmettawa.org • No personal checks • $0 stamp required • Provide copy of transfer stamp application and deed to obtain stamps. 14801 Pulaski Rd 708)389-0200 Midlothian • Final water bill and all village debts . Seller affidavit(smoke&carbon dioxide detectors) Sellers Midlothian,IL 60445 www.villageofmidlothian.net must be paid • Forms available at on-line • No stamps required 11004 Carpenter St. 708-479-3900 Mokena • Final water bill and all other village • debts to be aid Mokena,IL 60448-1595 www.mokena.org • No stamps required • $50 Inspection • Go to village hall to pay and schedule inspection 5130 W.Court St (708)534-8301 Monee . Final water bill and all other village • Final water meter reading 2 days prior to close Sellers Monee,IL 60449 www.villageofmonee.org debts to be paid • Stamp$3.00 per$1,000 • Transfer form required-available online • $25 Exempt stamp required • Contact village 5 days prior to close to determine 6101 Capulina Ave (847)965-4100 Morton Grove . Final water bill and all other village any outstanding debts to be paid Seller Morton Grove,IL 60053 www.mortongroveii.org debts to be paid Final water meter reading *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 11 of 18 FtstAmm can Transfer Stamp Requirement Listing Title Insurance Company Revised: 03.01.17 SlIts • Stamp$3.00 per$1,000 Mount • $15 Exempt stamp required • Transfer form required-available online or MyDec Buyer 50 S.Emerson, (847)392-6000 Prospect • Final water bill and all village debts • Provide copy of deed for exempt stamp transaction Mt.Prospect,IL 60056 www.mountorosoect.org must be paid • No stamps required 440 E.Hawley St 847-949-3200 Mundelein . Final water bill must be aid • Mundelein,IL 60060-2400 www.mundelein.or • Statement of Open Accounts form required- • Stamp$1.50 per$500 available online Naperville* • All payments,debt and assessments due the City 400 S.Eagle St (630)420-4116 p $0 Exempt stamp required must be paid current by seller prior to buyer Buyer Naperville,IL 60540 www.nai)erville.il.us • Final water bill must be paid purchasing stamps • Final water meter reading 2 days prior to close • No New Lenox tax but note that many properties with New Lenox address are in other villages'city 1 Veterans Parkway (815)462-6400 New Lenox • Final water bill must be paid limits that may have a tax. Call village clerk with New Lenox,IL 60451 www.neWenox.net address for determination. • Final water meter reading • Stamp$3.00 per$1,000 • Inspection required • $25 Exempt stamp required (no . Transfer form required—available online 1000 Civic Center Dr. (847)588-8000 Niles inspection needed) • Schedule inspection 10 days prior to closing Buyer Niles,IL 60714 www.vniles.com • $25 Occupancy permit fee(buyer charge) • Final water bill must be paid • Original deed needs to be stamped"passed" regarding building inspection • Copy of sales contract and MLS listing sheet 4000 N.Olcott Ave (708)453-0800 Bldg.Dept. Norridge • $25 Inspection required Seller Norridge,IL 60706 www.villacieofnorridge.com • Transfer application required—available online • Inspection Certificate(good for 30 days) • Provide 15 day notice for inspection North Aurora • Final water bill must be paid Seller 25 E.State St. (630)897-8228 x223 North Aurora,IL 60542 www.northaurora.orci • Stamp$5.00 per$1,000 • City transfer form required-available online • $50 Exempt stamp required . Copy of Deed or sales contract required 1850 Lewis Ave. (847)596-8626 North Chicago • $50 Inspection(seller charge) . No personal checks Buyer North Chicago,IL 60064 www.northchicago.org • Final water bill and all other village . Final water meter reading required debts to be paid • Provide original deed and copy of survey to obtain North • $405 Inspection stamps 2401 Des Plaines Ave (708)447-4211 Riverside • Final water bill must be paid • Inspection must be scheduled 14 days prior to Seller North Riverside,IL 60546 www.northdverside-il.org closing-inspection form available online • Contact village if property did not pass ins ection • Final water meter reading to be scheduled within a 1225 Cedar Lane (847)664-4171 Northbrook • Final water bill must be paid week of closing. Seller Northbrook,IL 60062 www.northbrook.il.us Northfield • Final water bill must be paid Seller 361 Happ Rd (847)446-9200 Northfield,IL 60093-3482 www.northfieldil.or *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 12 of 18 FjmtAmer can Transfer Stamp Requirement Listing Tick Insurance Company Revised: 03.01.17 - w UnO ", �,'�� q' 'c^ a s 5 f �, .. s ink. •,:r z erg. ,-� :� ` " . �.� .r�N �x r�ir x �>k' x hr '� x.", ± ` 'V�Yr..}III � J'4W.� �w y}R'.P" i`�{`'+'Y�{ye . t {i91.� .x. • $250 Inspection • Certificate of compliance Northlake • $0 exempt stamp required • Provide village original deed for stamps Seller 55 E.North Ave (708)343-8700 • Final water bill must be paid • No personal checks accepted Northlake,IL 60164 www.northlakecity.com • Order inspection 30 days prior to close Oak Forest • Final water bill must be paid • Provide 5 day notice 15440 S.Central Ave (708)687-4050 X1022 • Village suggests Title Co.request proof at closing Oak Forest,IL 60452 www.oak-forest.org • Stamp$5.00 per$1,000 • Transfer form required on ALL transactions(even • Final water bill must be paid for exempt)-available online single family residence • Provide village copy of deed for stamps and submit 9446 S.Raymond Ave (708)499-7780 Oak Lawn at least 7 days prior to close Seller • No water bill needed for condo . Exempt letter required for exempt transaction Oak Lawn,IL 60453 www.oaklawn-il.00v • Final water bill and all other village . Final water meter reading 3 days prior to close debts to be paid . No personal checks • Stamp$8.00 per$1,000 • Transfer form required-available online 123 Madison St (708)383-6400 Oak Park • $30 Exempt stamp required • Stamps obtained after water bill paid Seller Oak Park,IL 60302 www.oak-oark.us • Final water bill must be paid No personal checks or AMEX accepted Oakbrook • No stamps required 17W275 Butterfield Rd 630-941-8300 Terrace . Final water bill must be paid Oakbrook Terrace,IL 60181 www.oakbrookterrace.net • Transfer form required—available on-line • $50 Inspection 20040 Governors Hwy (708)503-8000 Olympia Fields . Final water bill must be paid • Call village to schedule inspection Seller Inspection for 1ear Olympia Fields,IL 60461 www.olymvia-fields.com • Orland Park • No stamps required 14700 Ravinia Ave 708-403-6100 • Final water bill must be paid Orland Park,IL 60462-3167 www.orland-park.il.us • Final water bill and all other village 200 E.Wood St. (847)359-9088 Palatine debts to be paid Palatine,IL 60067-5339 (847)359-9082—Water Bill www.i)alatine.il.us • No stamps required 7607 W.College Dr. (708)361-1804 Palos Heights e Final water bill must be paid • Final water meter reading required Palos Heights,IL 60463 (708)361-1800—Water Reading www. alo hei hts.or • $50 permit charge to seller Inspection required on ALL properties and schedule 10335 South Roberts Rd (708)598-3400 Palos Hills . Final water bill must be paid 2 weeks prior to close Sellers Palos Hills, IL 60465 www.paloshillsweb.org • Provide original deed and copy of sales contract to obtain stamps. (Deed only for exempt) • Transfer form required-available at village hall or • Stamp$5.00 per$1,000 can be mailed • Inspection needed before closing if property to be 350 Victory Dr (708)748-1112 Park Forest • $15 Exempt stamp required owner occupied. Seller Park Forest,IL 60466 www.villageofr)arkforest.com • $100 Inspection • Inspection needed after closing but before occupancy if property to be rental • Inspection request form available online • No personal checks over$15. *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 13 of 18 '• FwstAmehcan Transfer Stamp Requirement Listing Title Insurance Compagy Revised: 03.01.17 • Stamp$2.00 per$1,000 • Transfer form required-available online 505 Butler Place (847)318-5289 Park Ridge • $25 Exempt stamp required • Instructions for sale of property available online Seller Park Ridge,IL 60068 www.parkridge.us • All village debts must be paid • Allow 5 days to obtain stamps • Transfer form required-available online • Instructions for sale of property available online • Stamp$2.50 per$1,000 (Treasurer's link) • $0 Exempt stamp required • Zoning certificate required for multi-unit property 419 Fulton (309)494-8545 Peoria • Citystamps now beingissued b Peoria CountySeller • $120 minimum zoning certificate Recorder of Deeds. Mail all applicable documents Peoria,IL 61602 www.peoriagov.org • $0 Zoning certificate for exempt to: Peoria County Recorder 324 Main St.,Room G4 Peoria,IL 61602 • $50 Inspection 633 E. 151st St (708)331-2636 Phoenix . Final water bill must be aid • Village hall Wednesday hours:gam-12pm Phoenix,IL 60426 www.villageofphoenix.com • Final water meter must be schedule • Many properties with Plainfield address are in other 24401 W.Lockport St (815)436-7093 Plainfield prior to closing villages'city limits that may have a tax. Call village Plainfield,IL 60544 www.r)lainfield-il.org to confirm if property is in Plainfield city limits • $170 Inspection • All village debts must be paid prior to issuance of Posen • Additional$95 per unit for multi- Certificate of Compliance Seller 2440 Walter Zimny Dr (708)385-0139 family Posen,IL 60469 www.villageofi)osen.org • All village debts must be aid • Contact village if properly does not pass inspection • Inspection— 1. $50 condo • Must file Occupancy Inspection application Richton Park 2. $75 single family/townhome (available online)then schedule inspection 14 days Seller 4455 Sauk Trail (708)481-8950 3. $100 commercial prior to closing. Richton Park,IL 60471 www.richtonpark.oro • All village debts must be paid • Stamp$1.00 per$1,000 • Transfer form required-available online • $0 Exempt stamp required • Original deed and grantor/grantee statementx 400 Park Ave (708)366-8500 River Forest . $0 Zoning inspection required for e emot transaction Seller River Forest,IL 60305 www.vrf.us • Final water bill must be paid • Inspections occur ONLY on Tuesdays and Fridays • Stamp$50 flat fee for SFR/condo . Provide deed,survey,and water application signed • Stamp$100 flat fee for commercial by buyer to obtain stamps. • Stamp$25+$25 per unit for appt . Transfer form required—available online 2621 N.Thatcher (708)453-8007 River Grove building . Seller must show deed Seller River Grove,IL 60171 www.vorg.us • $0 Inspection required for exempt . Final water bill must be paid at village hall PRIOR transfers as well • Final water bill must be aid to obtaining stamps • Must submit application 14 days prior to closing— available on line • $200 Inspection • Provide copy of deed and termite inspection to • Additional$50 per unit on multi- obtain stamps 157W 144th St (708)841-2200 Riverdale family • Final water bill must be paid within 7 days of Seller Riverdale,IL 60827 www.villageofriverdale.net • All village debts must be paid transfer stamp purchase • Exempt stamp required • Inspection required on exempt transaction-allow 14 days to complete *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 14of18 FilstAmmican Transfer Stamp Requirement Listing Title Insurance Company Revised: 03.01.17 m `-. � ... ?�°Jj"���, 'q` "h " � N°s �'c ``�` �'-� -�, t'�y� sk .. a: �� .s4� :.,,:- r v ;i= .te<•p i.° �. � 7 ;,- {,.` v�ti.., �`'"_-" - , • Certificate of Compliance • Schedule inspection 10 days prior to close • $175 Inspection 27 Riverside Rd (708)447-2700 Riverside • Final water bill must be paid (708)447-1241 Seller Riverside,IL 60546 www.riverside.il.us • Provide original survey that is less than 6 months old • Stamp$100 flat fee 3327 W. 137th St (708)385-8940 Robbins • $0—Exempt stamp • Inspection application available only at village hall Either Robbins,IL 60472 www.villageofrobbins-il.com • $240Inspection • Provide copy of deed,IL and village PTAX to obtain • Stamp$3.00 per$1,000 stamps Rolling • $50 Exempt stamp required • Transfer form required for all deeds-available Seller 3600 Kirchoff (847)394-8500 Meadows • Final water bill and all other village online Rolling Meadows,IL 60008 www.cityrm.org debts must be paid • Documentation submitted after 3:30 will result in stamps issued next day • Provide original deed for village to affix stamp • Transfer form required—call Finance Dept. • Clearance letter required on all debts and good for • Stamp$3.50 per$1,000 5 days. • Signed Buyer/Seller affidavit may be required for 1050 W.Romeo Rd (815)886-7200 Romeoville • $40 non-exempt stamp required inspection issues. Buyer Romeoville,IL 60446 www.romeoville.oro • All village debts must be paid • Schedule final water meter reading minimum 7 days prior to closing • Foreclosed properties need walk-through by Village Building Department • No stamps required • Final water bill must be paid • Occupancy Inspection on vacated property 60+days 1. $400—SFR • Inspection required before water will be turned on 31 S.Prospect St. 630-980-2000 Roselle 2. $225—Townhouse vacant(REO)property for buyer. NOT required Roselle,IL 60172-2097 www.roselle.il.us 3. $150-Condo before closing • Inspection fee on REO property 1. $400—SFR 2. $220—Townhome 3. $150-Condo • No stamps required 9501 W.Devon Ave. 847-825-4404 Rosemont • Rosement,IL 60018-4823 www.rosemont.com/village of rosem • Final water bill must be paid ont. h • $60 Inspection • All village debts must be paid prior to obtaining (847)546-2351 Round Lake • $0 Water meter inspection Certificate of Occupancy. Seller 1937 N.Municipal Way www.villageofroundlakebeach.com Beach . All village debts must be aid • Schedule final water reading5 days prior to closingRound Lake Beach,IL 60073 Round Lake • $75 Inspection • Inspection must be paid in advance Seller 619 W.Pontiac Ct (847)546-1206 Heights Round Lake Heights,IL 60073 www.villaaeofroundlakeheights.com • $75Inspection Round Lake • $65 re-inspection • All village debts must be paid prior to obtaining 203 Lake Shore Dr (847)546-2790 Park • $200 water deposit for new Certificate of Occupancy. Seller Round Lake Park,IL 60073 www.roundlakeoark.us residences • All village debts must be paid *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 15 of 18 Fits American Transfer Stamp Requirement Listing Title Insurance Company Revised: 03.01.17 t l w n ., 1V W td p f - }mow ,. , IRAN* m;r 4 •_� ,af ' e:;[@SS ,sf� £ 1€C4 ''' r. 6f. a-,,; w.�-,�4, L,� aU ,8?.,.,c v • No stamps required 2 E.Main St. 630-377-4400 Saint Charles • Final water bill must be aid • St.Charles,IL 60174-1984 www.stchariesil.gov • $50 Inspection 21801 Torrence Ave (708)758-3330 Sauk Village . $50 Application • Inspection application available only at village hall Seller Sauk Village,IL 60411 www.saukvilla e.or • Stamp$1.00 per$1,000 • Provide copy of contact and legal description of Fin Exempt stamp required property to obtain stamps 101 S.Schaumburg Ct (847)895-4500 Schaumburg • . Transfer form required-available online Seller Schaumburg,IL 60193 www.villageofschaumburci.com • Final water bill must be paid • Contact Water Dept.to schedule reading Schiller Park . Final water bill must be paid • Final water meter reading required before payment 9526 Irving Park Rd (847)678-2550 Schiller Park,IL 60176 www.villaaeofschillerpark.com Shorewood • No stamps required 1 Towne Center Blvd 815-725-2150 • Final water bill must be paid Shorewood,IL 60404-9705 www.vil.shorewood.il.us • Stamp$3.00 per$1,000 • Transfer form required 5127 Oakton (847)673-0500 Skokie • $25 Exempt stamp required • Copy of PTAX and copy of deed required Seller Skokie,IL 60077 www.skokie.org • Final water bill must be paid • No stamps required 1 Thorobred Lane 847-426-6700 Sleepy Hollow . Final water bill must be paid Sleepy Hollow,IL 60118 www.slee hollowil.or • $175 Inspection for property plus South Chicago $25 for each additional residence in Seller 3317 Chicago Rd (708)755-1880 Heights same building So.Chicago Heights,IL 60411 www.southchicaaoheicihts.com • Final water bill must be paid South Elgin • No stamps required • 10 N.Water St. 847-742-5780 g • Final water bill must be paid South Elgin,IL 60177-1695 www.southelgin.com South Holland • Final water bill must be paid • Certificate of Payment required. Seller 16226 Wausau Ave (708)210-2900 South Holland,IL 60473 www.southholland.org • Schedule final water meter reading 1 week prior to • $50 Minimum for inspection closing 3320 Lewis Avenue (708)754-3395 Steger • Final water bill must be paid • If home has inside water meter,must be replaced Seller Steger,IL 60475 www.villageofsteger.org with outside meter-$100 fee • Stamp$5.00 per$1,000 • $25 Exempt stamp required • Provide village original deed and copy of sales 6533 W.Pershing (708)749-4400 Stickney . $25 Zoning inspection contract,PTAX to obtain stamps. Seller Stickney,IL 60402 www.villageofstickney.com • Final water bill must be paid • Stamp$4.00 per$1000 • $0 Exempt stamp required 1629 N.Manheim (708)345-5550 Stone Park . $50 Inspection • Original Deed,PTAX or MyDec required. Seller Stone Park,IL 60165 www.voso.us • Final water bill must be paid • Stamp$3.00 per$1,000 • PTAX and transfer form required—available online (630)736-3800 Main Streamwood 10 Exempt stamp required • Co of Deed required Seller Streamwood, E.Irving Park $ p p q Copy q (630)736-3844 Finance Dept. • All village debts must be aid • Schedule final water readingStreamwood,IL 60107 www.streamwood.org • No stamps required 10 Municipal Dr. 630-466-4507 Sugar Grove . Final water bill must be paid Su ar Grove,IL 60554-6901 www.su ar roveil. ov • $50 minimum inspection 7321 W.59th St (708)563-4800 Summit • Final water bill must be aid • Certificate of Compliance Seller Summit,IL 60501 1 www.thevillageofsummit.com *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 16 of 18 ' FitstA raw ican Transfer Stamp Requirement Listing True Insurance Company Revised: 03.01.17 So Ys':? air,;'.:_ `t' :.` r H� -;.�.se-,r, e.F. r,. 1'k� ws-w,.0 'u�" 'n _.a,. 4*3'a'y9ryy,ppyy�w;'`' "5.. Yuyaa ,..��'wa-.m ,?F Y..�(>yyyyjy '�'F r.•: �. ;h;�sy..n,.:�s r '` t„r `.-.:. [lot XX`� �1-.5�fftGllli�"„'.&ME ,# -� .7£" Y�l,Y" }VVYGIti�l l �d3' '. `h 'MCa:=x�GT� � }_ ra a _ ci s 5 • Transfer form required-available online • Provide village copy of sales contract and copy of • Stamp$5.00 per$1000 Deed for stamps 308 W.State St (815)895-4920 Sycamore • $0 Exempt stamp required(form • Stamps waived if- Buyer Sycamore,IL 60178 www.cityofsycamore.com required) ➢ Purchaser is a current Sycamore resident for more than 1 year ➢ Property is homestead Thornton • No stamps required 115 E.Margaret St. 708-877-4456 • Final water bill must be paid Thornton,IL 60476-1292 www.thornton60476.com • No stamps required 16250 S.Oak Park Ave. 708-444-5000 Tinley Park . Final water bill must be paid • Tinley Park,IL 60477-1600 www.tinle ark.or • Stamp$1.00 per$1,000 • Transfer form required-available at village hall or • $25 Exempt stamp required 698 Burnham Dr (708)534-6451 University Park • $250 Inspection faxed Seller University Park,IL 60484 www.university-park-il.com • All village debts must be aid • Original signatures required. • $50 Inspection(seller charge) • Call Public Works(630)834-8505 to schedule 20 S.Ardmore Ave (630)834-8500 Villa Park . Final water bill must be aid • No personal checks Seller Villa Park,IL 60181 www.invillagark.com • $75 Inspection 101 N.Main St (847)526-9609 Wauconda . Final water bill must be aid • Inspection form required—available online Seller Wauconda,IL 60084 www.waucondal.gov • $100 Inspection • Zoning letter required—application on available 100 N.Martin Luther King Jr 00 Waukegan p online AND MUST BE REQUESTED PRIOR TO Seller Ave www. auke a • Final water bill must be paid www.waukeganweb.net LISTING Wauke an,IL 60085 • NON-Exempt • $0—Exempt stamps 1.Deed Certification form required—available West Chicago • $0.11 per sq.foot Inspection fee on online 475 Main St (630)293-2200 NON-Exempt property 2.Inspection required Seller West Chicago,IL 60185 www.westchicaoo.org • All village debts must be paid • Final water meter reading 2 days prior to close • Provide copy of signed deed for exempt transaction West Dundee • No stamps required 102 South Second St (847)551-3800 • Final water bill must be paid West Dundee,IL 60118 www.wdundee.or • $0 Exempt stamp required • Provide village original deed for stamps 10300 West Roosevelt Rd (708)345-0020 Westchester • $125 Inspection—SFR/condo • Final Meter reading required and bill paid before Seller Westchester,IL 60154 www.westchester-il.oro • Compliance water bill must be paid affixing stamp to deed Western . No stamps required • Final water meter reading required. Need seller 740 Hillgrove Ave. 708-246-1800 r Springs forwarding address and buyer information Western Springs,IL 60558 www.ws rin s.com • Stamp$2.50 per$1,000 • Utility Account Application form—available online • $25 Exempt stamp required • Real Estate Transfer Tax form—available online Buyer 9e • Water clearance letter required 303 W.Wesley (630)260-2000 Finance Dept. Wheaton . Final water bill and all other villa Wheaton,IL 60187 www.wheaton.il.us debts must be paid • Form to request certificate online • Water,sewer&garbage bills must • Certificate submitted with deed for recording 2 Community Blvd (847)459-2600 Wheeling be paid(prior to transfer certificate • Call to schedule final water reading 7 days prior to N/A Wheeling,IL 60090 www.wheelinail.aov being issued) close • No personal checks • No stamps required 7760 Quincy St. 630-323-8215 Willowbrook . Final water bill must be aid • Willowbrook,IL 60527-5594 www.willowbrookil.or *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 17 of 18 FitstElmmeerican Transfer Stamp Requirement Listing Title Insurance Company Revised: 03.01.17 &' '+r k�' 06V rr 1 MEN 3 k� •r.. .,> �, e �m ?,. e._s, y ?t a` at. . , -'-s"r`s."", .`cNe fi°,:^'� • Stamp$3.00 per$1,000 • Transfer form required-available only at village hall 1200 Wilmette Ave (847)251-2700 Wilmette • $0 Exempt stamp required • Schedule final water meter reading at least 5 days Buyer Wilmette,IL 60091 www.v4ilmette.com • All village debts must be paid prior to close Winfield • No stamps required 27W465 Jewell Rd. 630-933-7100 • Final water bill must be paid Winfield,IL 60190-1293 www.villageofvAnfield.com Winnetka • No stamps required 510 Green Bay Rd. 847-501-6000 • Final water bill must be paid Winnetka,IL 60093-2563 www.villa eofwinnetka.or Winthrop • No stamps required 830 Sheridan Rd. 847-872-3846 Harbor • Final water bill must be paid Winthrop Harbor,IL 60096 www.winthroi)harbor.com • Minimum 48 hours to process stamps • Stamp$2.50 per$1,000 • Transfer form required-available online Woodridge • $25 Exempt stamp required • Schedule final water reading at least 5 days prior to Seller 5 Plaza Drive Attn:Front Desk www. il.woo 00 •All village debts must be paid close NOTE: A$100 payment or average bill Woodridge,IL 60517 www.vil.woodridge.il.us amount required to obtain stamps Woodstock • No stamps required 121 W.Calhoun St. 815-338-4300 • Final water bill must be paid Woodstock,IL 60098-3218 www.woodstockil.com Worth • $20 Water certification • Schedule final meter reading at least 7 years prior Seller 7112 W. 111th St (708)448-1181 • Final water bill must be paid to closing Worth,IL 60482 www.villa eofworth.com • No stamps required 800 Game Farm Rd. 630-553-4350 Yorkville • Final water bill must be aid • Yorkville,IL 60560-0901 www.vorkville.il.us • Final water meter reading required. Call(847)746- 2828 Sheridan Road (847)746-4000 Zion . Final water bill must be paid 4060 to schedule. Seller Zion,IL 60099 www.cilyofzion.com *First American will obtain stamps All transfer information is believed accurate. However,contact the taxing body directly for confirmation 18 of 18