City of Chicago Transfer Tax
City of Chicago charges $5.25 per $500 of price or fraction (1.05%) on top of the Illinois state tax ($0.50 per $500 of price or fraction (0.1%)). On a $314,200 home that is $3,617 in total. Combined $5.25 per $500 or fraction: $3.75 per $500 'City portion' (buyer/transferee pays, per ordinance) plus $1.50 per $500 'CTA portion' funding the Chicago Transit Authority (seller/transferor pays, per ordinance). A March 2024 'Bring Chicago Home' ballot measure that would have replaced this flat rate with a graduated schedule was defeated by voters, so the flat $5.25/$500 split rate remains in effect. This is on top of, not in place of, the Cook County and state rates above.
City of Chicago transfer tax by purchase price
| Purchase price | State tax | City of Chicago | Total |
|---|---|---|---|
| $150,000 | $150 | $1,575 | $1,725 |
| $200,000 | $200 | $2,100 | $2,300 |
| $250,000 | $250 | $2,625 | $2,875 |
| $300,000 | $300 | $3,150 | $3,450 |
| $350,000 | $350 | $3,675 | $4,025 |
| $400,000 | $400 | $4,200 | $4,600 |
| $450,000 | $450 | $4,725 | $5,175 |
| $500,000 | $500 | $5,250 | $5,750 |
| $600,000 | $600 | $6,300 | $6,900 |
| $700,000 | $700 | $7,350 | $8,050 |
| $800,000 | $800 | $8,400 | $9,200 |
| $1,000,000 | $1,000 | $10,500 | $11,500 |
Transfer tax calculator
Who pays
Split. Combined $5.25 per $500 or fraction: $3.75 per $500 'City portion' (buyer/transferee pays, per ordinance) plus $1.50 per $500 'CTA portion' funding the Chicago Transit Authority (seller/transferor pays, per ordinance). A March 2024 'Bring Chicago Home' ballot measure that would have replaced this flat rate with a graduated schedule was defeated by voters, so the flat $5.25/$500 split rate remains in effect. This is on top of, not in place of, the Cook County and state rates above.
Frequently asked questions
How much is the transfer tax in City of Chicago?
City of Chicago charges $5.25 per $500 of price or fraction (1.05%), on top of the Illinois state tax, so a $314,200 home pays $3,617 in total ($315 state, $3,302 local).
Who pays the City of Chicago transfer tax?
Split. Combined $5.25 per $500 or fraction: $3.75 per $500 'City portion' (buyer/transferee pays, per ordinance) plus $1.50 per $500 'CTA portion' funding the Chicago Transit Authority (seller/transferor pays, per ordinance). A March 2024 'Bring Chicago Home' ballot measure that would have replaced this flat rate with a graduated schedule was defeated by voters, so the flat $5.25/$500 split rate remains in effect. This is on top of, not in place of, the Cook County and state rates above.
Sources
- 35 ILCS 200/31-10, stated on the PTAX-203/MyDec transfer declaration
- Who pays
- Chicago Municipal Code 3-33 (Real Property Transfer Tax)
Rates as the statute or revenue department publishes them, checked 2026-09-22. Figures are computed from those rates and rounded to the dollar; exemptions for first-time buyers or principal residences are noted where they exist and are not applied. All sources.
Illinois transfer tax overview → All Illinois buyer closing costs →
Figures are computed from the statutes and ordinances cited above and rounded to the dollar. This is general information, not tax or legal advice.
Illinois transfer tax