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The Chicago market: recent numbers
From public data. Each figure shows its source and month.
Selling a house in the Chicago area: what to know
Taxes and closing
Cook County charges a real property transfer tax on all real estate sales in the county. The rate is $0.25 per $500 of the transfer price.
Chicago adds its own transfer tax of $5.25 per $500 of the price. In general, the buyer pays $3.75 and the seller pays the other $1.50 (the "CTA portion").
Inherited a house
The Probate Division of the Circuit Court of Cook County hears wills and estate cases. It has five courtrooms for decedent estates, and most filings are made electronically through the Clerk of the Circuit Court.
Areas near Chicago
Evanston, Oak Park, Cicero, Skokie, Berwyn and Oak Lawn. Selling in one of these? Start with your address and we'll check.
Chicago questions
Who pays the Chicago transfer tax when I sell?
In general, the buyer pays $3.75 and the seller pays $1.50 per $500 of the price. Cook County also charges its own tax of $0.25 per $500.
Source: City of Chicago Department of Finance; Cook County Government
Which court handles estates in Cook County?
The Probate Division of the Circuit Court of Cook County. It has five decedent estate courtrooms, and most filings are made electronically.