Which of the following statements about Illinois real property transfer taxes is NOT accurate under current Illinois law?
Correct Answer
A) The Illinois state transfer tax does not apply to properties located outside Cook County.
Statement A is false. The Illinois state real property transfer tax (35 ILCS 200/31-1 et seq.) applies statewide to all qualifying conveyances, regardless of whether the property is located in Cook County or elsewhere. It is not limited to Cook County. Confusing a locally imposed tax — such as the Chicago or Cook County transfer tax — with the statewide obligation is a common error, but the statute is clear that geographic location within Illinois does not exempt a transfer from the state tax.
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