Real estate blog entries tagged with schaumburg il transfer tax by John Ziemba (Keller Williams Team Realty)

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Home : Blogs : John Ziemba : John Ziemba's Blog : Tag "schaumburg il transfer tax"

schaumburg il transfer tax: Does Schaumburg IL Have a Real Estate Transfer Tax? - 09/23/11 08:54 PM

Schaumburg Tansfer Tax: $1 per $1000 of sales price
Who Typically Pays: Seller
Like many municipalites the Village of Schaumburg has imposed a real estate transfer tax. Schaumburg charges $1 per $1000 of purchase price. For example on a $300,000 home the transfer tax would be $300. In Schaumburg this is commonly a fee paid by the seller.
It should be noted that on certain types of transaction the buyer may end up paying the transfer tax. Please check with your attorney or real estate agent to make sure if you are a buyer you are not expected to pay.
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John Ziemba

Schaumburg, IL

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Keller Williams Team Realty

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