The Real Estate Transfer Tax was enacted in 1987 and requires that whenever real estate is transferred or sold within the Village, the seller pay a tax. The tax must be paid and a transfer stamp obtained before closing and recording of documents.
REAL ESTATE TRANSFER STAMP PROCEDURE
EFFECTIVE FEBRUARY 1, 2014
The Village will process your application within 24 hours and
will notify you when your stamp is ready.
The new procedure will allow the Village to better provide service to all of our customers and we appreciate your cooperation with this process. An explanation of the new Real Estate Transfer Stamp procedure includes more details regarding this change in policy.
Real Estate Transfer Stamp applications or questions can be submitted via email to firstname.lastname@example.org.
Application Requirements for a Village of Hoffman Estates Transfer Stamp
The following documents are required:
- Village of Hoffman Estates Real Estate Transfer Tax Declaration (PDF)
- Illinois Real Estate Transfer Declaration (PTAX-203/EZ Dec);
- Warranty Deed or any other deed/document that is being recorded;
- FOR EXEMPT STAMPS, a copy of the fully executed Deed is required. All exempt deeds must include the exempt language phrase with the required signature.
At least five (5) days prior to purchasing a real estate transfer stamp, including exempt stamps, you must contact the Water Department at 847-843-4824 to request a final water bill. You should also contact 847-882-9100 or email@example.com to make sure there are no outstanding liens or fines associated with the property and that the garbage bill is current.
The cost for the stamp is $3 per $1,000 of the selling price. For example, a home selling for $200,000 will result in a transfer tax of $600.
Exempt (PDF) stamps have an administrative fee of $10.00 and require a final water bill reading if there is an ownership change.
Transfer stamps may be purchased (WITHIN 24 HOURS OF YOUR REQUEST - see procedures above) at the Village Hall front counter during regular business hours: Monday to Friday from 8:30 a.m. to 5:00 p.m. Stamps can also be purchased through the mail provided all documentation is in order and all outstanding bills have been paid. Mail the documents, applicable tax payment and a self-addressed stamped return envelope to:
Village of Hoffman Estates
Attn: Real Estate Transfer Stamp Department
1900 Hassell Road
Hoffman Estates, IL 60169
Please call 847-882-9100 with any questions.