If you live or work in a community that’s considering the implementation of a real estate transfer tax, Illinois REALTORS® offers resources on the subject through its website and through the support of local government affairs directors.

At illinoisrealtors.org, members can login and find information about transfer taxes as well as a document that lists the Illinois municipalities with transfer taxes, their cost and whether they’re charged to the buyers or sellers in a real estate transaction.

Did you know that about 5 percent of Illinois municipalities tax the sale of real estate? Anyone can find out more in this blog post.