Transfer Of TitleTaxesMEDIUM
The Illinois state real estate transfer tax rate is:
Correct Answer
B) $0.50 per $500 of consideration
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.
Answer Options
A
$0.25 per $500 of considerationB
$0.50 per $500 of considerationC
$1.00 per $1,000 of considerationD
$1.50 per $500 of considerationAudio Lesson3 min
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