Real Estate Transfers

Before the deed to any property may be transferred, five things must be completed before a real estate transfer stamp can be issued. 

Community Development Department  (630) 693-7530

1.      A Certificate of Sewer Compliance must be obtained, dated no more than six months before the day of closing. The purpose of the sewer inspection is to assure compliance with Village Ordinance and the Clean Water Act of 1977. This inspection can be set by calling the number above a minimum of two weeks prior to closing.

2.      A permit release must be obtained to ensure there are no outstanding building permits or inspection fees.

Finance Department- Water Billing  (630) 693-7570

3.      A final water reading must be completed 24 hours before closing.  The new owners must fill out an application to establish water and sewer service.  To assist in this process, the new owner can come in and fill out the application once the property is ready to close.  Water billing can NOT issue the final water bill without the application to establish water and sewer service.  Once the final water bill has been issued, it must be paid before the real estate transfer stamps can be issued.

Finance Department – Collections Office   (630) 693-7564  fax (630) 543-2580

4.      The seller must provide a copy of the Illinois Real Estate Transfer Declaration (Form PTAX-203 or PTAX-203A) that the village can keep.  This document can be faxed to the number above.

5.      The seller must provide a copy of the unexecuted deed that the Village can keep.  This document can be faxed to the number above. 

Once the five steps are completed, the real estate transfer stamp can be issued.   Purchase of the stamp is the buyer's responsibility, which is at a rate of $2.50 per $1,000 of the purchase price of the property.

PLEASE NOTE: If the transfer stamp is lost, FULL PAYMENT will need to be made before a replacement stamp is issued.

Exemptions

*** Effective July 1, 2011, a $50 administrative fee will be required for all exempt real estate transfer stamps ***

Certain real estate transactions are exempt from the tax levied; however, $0.00 transfer stamps must still be obtained from the Village Hall.

The following items are needed before an exempt stamp can be issued:

Community Development Department  (630) 693-7530

1.      A Certificate of Sewer Compliance must be obtained, dated no more than six months before the day of closing. The purpose of the sewer inspection is to assure compliance with Village Ordinance and the Clean Water Act of 1977. This inspection can be set by calling the number above a minimum of two weeks prior to closing.

2.      A permit release must be obtained to ensure there are no outstanding building permits or inspection fees.

Finance Department- Water Billing  (630) 693-7570

3.      A final water reading may be completed 24 hours before the stamp is issued under certain circumstances.  The new owners must fill out an application to establish water and sewer service.  To assist in this process, the new owner can come in and fill out the application once the property is ready to close.  Water billing can NOT issue the final water bill without the application to establish water and sewer service.  Once the final water bill has been issued, it must be paid before the real estate transfer stamps can be issued.

Finance Department – Collections Office   (630) 693-7564  fax (630) 543-2580

4.      The seller must provide a copy of the executed deed that the Village can keep.  This document can be faxed to the number above. 

To download a copy of the Exemption form so that you may fill it out before coming to Village Hall, click here.