Illinois
For Illinois, tax name is Real Estate Transfer Tax; state rate is 50¢ for each $500 of value or fraction of $500 stated in the declaration required by Section 31-25; citation is 35 ILCS 200/31-10, verified against its source on 2026-08-31.
- State
- Illinois our reading
- Tax name
- Real Estate Transfer Tax verified
- State rate
- 50¢ for each $500 of value or fraction of $500 stated in the declaration required by Section 31-25 verified
- Citation
- 35 ILCS 200/31-10 verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
(35 ILCS 200/31-10) Sec. 31-10. Imposition of tax. A tax is imposed on the privilege of transferring title to real estate located in Illinois, on the privilege of transferring a beneficial interest in real property located in Illinois, and on the privilege of transferring a controlling interest in a real estate entity owning property located in Illinois, at the rate of 50¢ for each $500 of value or fraction of $500 stated in the declaration required by Section 31-25.
— ilga.gov, retrieved 2026-08-31
Where each value comes from
The value above is stated away from the sentence quoted with the answer, so the passage that states it is shown here too.
Tax name
(35 ILCS 200/31-1) Sec. 31-1. Short title. This Article may be cited as the Real Estate Transfer Tax Law.
— all from ilga.gov, retrieved 2026-08-31
Source
- ilga.govhttps://www.ilga.gov/legislation/ILCS/details?MajorTopic=&Chapter=&ActName=Property%20Tax%20Code.&ActID=596&ChapterID=8&ChapAct=35+ILCS+200%2F&SeqStart=91500000&SeqEnd=93300000