Does Schaumburg IL Have a Real Estate Transfer Tax?

By
Real Estate Agent with Keller Williams Team Realty

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. 

For more information you may contact Village of Schaumburg via phone at 847-923-4539.

Your attorney should give you a form that is filled out and you may need to go to the Village to pick up the transfer the Village Hall is located at: 101 Schaumburg Court, Schaumburg, IL 60193-1899 and here is there general phone number 847.895.4500 and fax 847.895.7806.


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Any questions please do not hesitate to contact me for help.

John Ziemba

847-217-0480

Learn more about Schaumburg Real Estate or start your search for Homes of Sale in Schaumburg IL

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