Real estate transfer tax

When a real estate property is sold in River Forest, a tax equal to $1.00 for every $1,000 (or fraction thereof) of consideration must be paid. This is the responsibility of the property seller.

Example

Amount sold for
Divide by 1,000
Multiply by $1.00
Final amount owed
$410,750
$410,750/ 1,000 = 411
411 x $1.00= $411
$411.00

The following steps must be taken to receive transfer stamps:

  • Complete transfer tax form and bring in person to the Village Hall (400 Park Avenue). Staff requests a five (5) day notice, whenever practicable, and forms received after 2 p.m. will be processed the next business day.  
  • A Water and Sewer Service application is required for residences, townhouses, and apartments. (The application is not needed for condo units if utility billing is paid through the condo association.) A copy of the buyer's ID should be submitted with the application.
  • When bringing in the Declaration, the Water and Sewer Service application, and a copy of the buyer's ID, a zoning inspection will be scheduled for the next available Wednesday or Friday morning. Final water meter reads will be taken when necessary during this inspection.  
  • Transfer stamps shall not be issued unless all water, sewer, refuse assessments, judgments from the Ordinance Enforcement Department, liens, encumbrances, and other debts due to the Village are paid in full for the property.
  • A signed copy of the PTAX-203 Illinois Real Estate Transfer Declaration form must be submitted before transfer stamps will be issued.
  • When all debts and the final water bill have been paid, pick up the transfer stamp and zoning certificate. (Stamps must be taken to the closing and filed with Cook County.)

Transfer tax form

Application for water & sewer service

Questions?

Contact Administration & Finance

  • (708) 366-8500
  • 400 Park Avenue
    River Forest, IL 60305
    Get directions
  • Mon: 8:00am-7:00pm
    Tue-Fri: 8:00am-4:30pm