Transfer Of Title Practice Question | Real Estate Exam | EstatePass

Transfer Of TitleTaxes

The Illinois state real estate transfer tax rate is:

A

$0.25 per $500 of consideration

B

$0.50 per $500 of consideration

C

$1.00 per $1,000 of consideration

D

$1.50 per $500 of consideration

Explanation

The Illinois state real estate transfer tax is $0.50 per $500 of consideration (or $1.00 per $1,000). Counties may impose additional transfer taxes.

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