Real Estate Transfer Stamp

A Real Estate Transfer Stamp is required when it comes time to sell your home. It is the buyer’s obligation by Lincolnshire Ordinance. However, you as the seller, or seller’s attorney are required to supply the Village with a copy of your PTAX 203 form. (The Illinois Real Estate Transfer Declaration) Forms are available from your attorney or online at www.tax.illinois.gov.

A final water meter reading is required on the property 3 - 5 business day before the transaction is completed. Once the “closing date” has been set, please contact the Water Department to set up an appointment to read the meter.

Before the County will record the deed, the stamp must be affixed to the deed. Usually, this is done at the closing and the stamp is purchased prior to the closing. A transfer stamp may be purchased at the Village Hall or, for your convenience at the law firm of:

Ancel, Glink, Diamond, Bush, DiCianni & Rolek, P.C.
140 South Dearborn
The Marquette Building - 6th Floor
Chicago, Illinois 60603
Phone Number: 312.782.7606
Fax Number: 312.782.0943

Certain real estate transactions qualify for an exemption of the transfer tax. Call the Finance Department at 847.883.8600 for further details.