Illinois transfer tax calculator
State real estate transfer tax of $0.50 per $500 of value ($1 per $1,000) plus a county tax of $0.25 per $500.
Reviewed October 15, 2026. The math is shown line by line.
Illinois transfer tax on a $263,000 sale
- State transfer taxseller pays$263$263,000 ÷ $500 = 526 units (rounded up for any fraction) × $0.50 = $263
- County transfer taxseller pays$131.50$263,000 ÷ $500 = 526 units (rounded up for any fraction) × $0.25 = $131.50
- seller pays
- $394.50
- Total transfer tax
- $394.50
Statutory transfer taxes on a $263,000 sale, as of the reviewed date. Who pays is custom and contract outside the statute’s primary liability. Local taxes described above are not in this figure unless listed as a line. Recording fees, title and attorney charges are separate.
The rule behind the numbers
- Transfer tax
- State real estate transfer tax of $0.50 per $500 of value ($1 per $1,000) plus a county tax of $0.25 per $500. Source: tax.illinois.gov
- Who customarily pays
- Seller is primarily liable for the state and county tax by statute and custom. Source: tax.illinois.gov
- Local transfer taxes
- Home-rule municipalities levy their own. Chicago charges $3.75 per $500 paid by the buyer plus a CTA portion of $1.50 per $500 paid by the seller. About 50 Chicago-area municipalities levy a per-value tax, about 18 of them buyer-paid. Source: chicago.gov
Sources
Ike Mortgage LLC. NMLS ID pending. For licensing information, go to: www.nmlsconsumeraccess.org. Nothing on this page is a loan payment, rate, term or down payment, and nothing here is a Loan Estimate.