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ATG Real Estate Transfer Ordinances: North Chicago
Address:
1850 Lewis Ave.
North Chicago, IL 60064-2050
Phone:
847.596.8620
Amount of Tax:
$5.00/$1,000 (round to nearest $1,000)
Legal Reference:
North Chicago Ord. 6-15
Where Stamps Can Be Purchased:
Office of the Comptroller, City Hall
Special Requirements:
Final water bill must be paid. Certificate of Occupancy required. Copy of contract and original transfer form signed by both parties required. No personal checks.
Exempt Stamp Required?
Yes. $50
Penalties for Non-compliance
1% per month interest and penalty of 10% of tax. Upon conviction, fine of $50-$500. Lien created.
Party Liable for Payment:
Buyer
Effective Date:
01/26/1991
Pre-Transfer Inspection Required?
Yes. $50
Notes:
Tax does not include mortgages or liens. If a transfer price is reduced because of a mortgage or lien, then the tax is applied to both the purchase price and the amount of the mortgage or lie
Website:
Last Update:
02/08/2011
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