Real Estate Transfer Tax Guidelines

Transfer Stamps

To obtain a transfer stamp the following conditions must be met:

• The property must be clear of all debts to the Village, including the most current water bill (the final water bill will be mailed to a forwarding address provided after closing). To obtain a clearance letter, click  here. At that point, the clearance letter process will begin and a final water reading will be ordered. Clearance letters are valid for five (5) business days.
• A final meter reading is not required for an exempt transaction if the water account is in good standing and the name on the account will remain the same.

Stamping Deeds

Upon completion of the online Clearance Letter and Transfer Stamp Process:

1.Be prepared to pay the tax ($3.50 per $1,000 of the full consideration price for nonexempt transactions or a $40 processing fee for exempt transactions).

2.Pay the tax online via Credit Card or E-Check, or pay in person with Cash, Check, Money Order, Credit Card, or E-Check. If you are paying in person, please have your TRF-25-#### record number available. 

3.Upon payment, you will receive a receipt with a space allocated for the Transfer Stamp. You can be handed the physical stamp to attach deed at for filing at the county offices, or the stamp can be mailed to you, if you so choose. If the stamp becomes lost after purchase it will need to be repurchased at the full price at the expense of the home buyer.

Refunds

Who is eligible for a refund?

• Romeoville residents only, selling a home they reside in, in Romeoville, and buying another Romeoville home which becomes their new principal residence.
• Must be owner and occupants
• Must sell and buy in Romeoville
• Must be within 12 months of one another.

Transfer Tax Forms

• Real Estate Transfer Tax Ordinance
• Real Estate Transfer Tax Refund Form (PDF)