Real Estate Transfer Stamp Process and Requirements
Village Hall - 9446 S. Raymond Avenue, Oak Lawn, Illinois 60453
1. Transfer Stamp Declaration/Exemption.
The property seller (or authorized representative) must submit a completed Real Estate Transfer Tax Form marked Declaration or Exemption to the Property Maintenance Division at least (5) BUSINESS DAYS prior to the date of the real estate transfer/property closing or exemption recording
2. Property Maintenance Division .
The seller must submit the COMPLETED Village of Oak Lawn Real Estate Transfer Tax Form to Kevin McGuinness (708)499-7711 of the Property Maintenance Division via E-mail: KMcGuinness@oaklawn-il.gov. The form may also be dropped off in the lower level of Village Hall or faxed to (708) 499-7823. Once the Real Estate Transfer Tax Form is APPROVED, it will then be available at the Cashier Window and is ONLY VALID for (30) DAYS.
3. Final Reading of Water Meter and Final Water Bill.
A) The Seller must contact the Oak Lawn Water Billing Division at (708) 499-7762 allowing (5) BUSINESS DAYS prior to the date of purchasing Real Estate Transfer Stamps
B) The Oak Lawn Water Meter inspector will take a Final Water Reading and will provide a Final Water Bill receipt - upon payment of the Final Water Bill by the Seller. The Real Estate Transfer Stamps will not be sold by the Finance Department without a copy of this receipt confirming that ALL Final Water Bills have been paid.
4. Real Estate Transfer Stamps.
A) The Real Estate Transfer Tax Stamps can be purchased on the Main Level-Cashier’s Window Finance Dept. Stamps and Based on Total Contract sales price, X $5.00 per Thousandth. Any fraction of a thousand needs to be rounded up to the next highest thousand. Forms of payment that are accepted are: CASH, CASHIER’S CHECK, MONEY ORDER, ATTORNEY’S CHECK & VISA, MC & DISCOVER.
5. Exemption Letter.
A) The Real Estate Transfer Tax Exemption Letter will be issued at the Main Level-Cashier’s Window Finance Dept. for NO CHARGE after the Real Estate Tax Exemption Form has been approved by Property Maintenance Division. We require a XEROX copy of a signed & notarized Deed and Xerox copy of the signed & notarized Statement by Grantor & Grantee is received in person or by mail included with a self-addressed stamped envelope to receive an Exemption Letter.
If further information is needed you may contact: Kim Bohanek in Finance Department 708-499-7764 or e-mail at: email@example.com
Real Estate Transfer Tax Refunds for: