The Real Estate Transfer Tax was enacted in 1987 and requires that whenever real estate is transferred or sold within the Village, the seller pay a tax. The tax must be paid and a transfer stamp obtained before closing and recording of documents.
REAL ESTATE TRANSFER STAMP PROCEDURE
EFFECTIVE FEBRUARY 1, 2014
The Village will process your application within 24 hours and
will notify you when your stamp is ready.
The new procedure will allow the Village to better provide service to all of our customers and we appreciate your cooperation with this process. An explanation of the new Real Estate Transfer Stamp procedure includes more details regarding this change in policy.
Real Estate Transfer Stamp applications or questions can be submitted via email to firstname.lastname@example.org.
Application Requirements for a Village of Hoffman Estates Transfer Stamp
The following documents are required:
The final water bill must be paid prior to the issuance of a transfer stamp. Please call water billing at 847-843-4824 at least five days in advance to schedule a final water reading.
The Village also will check to make sure there are no outstanding liens against the property and that the garbage bill is current. You can also call Groot directly at 800-244-1977 to inquire about your garbage bill.
The cost for the stamp is $3 per $1,000 of the selling price. For example, a home selling for $200,000 will result in a transfer tax of $600.
Certain transactions may be exempt (PDF) from the payment of the transfer tax fee, but an "exempt" stamp must be obtained from the Village and affixed to the deed. Exempt stamps have an administrative fee of $10.
If you wish to have unpaid balances checked prior to submitting an application, please call the Finance Department at 847-882-9100 or email email@example.com.
Transfer stamps may be purchased (WITHIN 24 HOURS OF YOUR REQUEST - *new* see procedures above) at the Village Hall in the Finance Department during regular business hours: Monday to Friday from 8:30 a.m. to 5 p.m. Stamps can also be purchased through the mail providing all documentation is in order and all outstanding bills have been paid. Mail documents and the applicable tax payment to:
Village of Hoffman Estates
Attn: Finance Department
1900 Hassell Road
Hoffman Estates, IL 60169
Please call the Finance Department at 847-882-9100 if you have any questions.