for NO CHARGE after the Real Estate Tax Exemption Form has been approved by Property Maintenance Division. Forms of payment that are accepted are : CASH, CASHIER’S CHECK, MONEY ORDER, ATTORNEY’S/TITLE COMPANY’S CHECK & VISA, MC & DISCOVER.Ī Real Estate Transfer Tax Exemption Letter will be issued at the Main Level-Cashier’s Window Finance Dept. Any fraction of a thousand on the sales price needs to be rounded up to the next highest thousand. Stamps are based on Total Contract sales price, X $5.00 per Thousandth. The Real Estate Transfer Tax Stamps can be purchased on the Main Level-Cashier’s Window of the Finance Dept once the Transfer Stamp form has been approved. If an inspection is scheduled 30 days before closing, it will not delay the purchase of transfer stamps. The Village will issue a Certification of Compliance (no issues) or a Correction Notice (issues identified). The fee for an inspection is $100 payable to the Village of Oak Lawn. The seller must contact the Public Works Department at (708) 499-7748 allowing (30) days prior to the (5) business days review of the Real Estate Transfer Tax Form (mentioned above) to schedule an inspection.
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#TAX EXEMPT LETTER ILLINOIS TEMPLATE CODE#
The Village is inspecting private sewer systems to confirm compliance with Village Code 9-4D-11. Starting April 1, 2021, the Village of Oak Lawn requires a point-of-sale sewer inspection prior to transfer of property. Schedule Sewer Inspection for Single Family Homes.If the final water bill has been paid online, please provide a copy of the receipt when coming to the Cashier’s Window to purchase the transfer stamps. The final water bill must be paid before the Real Estate Transfer Stamps will be sold by the Finance Department. If your water bill is paid through an association no final reading is required. In most cases, the water meter can be read remotely and a final water bill will be issued. The Seller must contact the Oak Lawn Water Billing Division at (708) 499-7762 allowing (5) BUSINESS DAYS prior to the date of purchasing Real Estate Transfer Stamps to schedule the final water reading. Schedule Final Reading of Water Meter for Final Water Bill.(A list of possible exemptions is attached).
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Please see number 3 below.Ĭ.) If the property is EXEMPT skip to step 5. All Liens/Fines MUST BE PAID prior to the Approval of the Real Estate Transfer Tax Form.ī.) A sewer inspection is required for all single family homes, including those with exemptions. If an email is provided, the seller will be notified via email that the form has been approved or if there are any pending items such as:Ī.)If ANY Liens/Fines exist for the property, a Payoff Letter will be provided. Once the Real Estate Transfer Tax Form is APPROVED, it will then be available at the Cashier Window and is VALID for (30) DAYS. The form may also be dropped off in the lower level of Village Hall or faxed to (708) 499-7823. The property seller (or authorized representative) must submit a completed Real Estate Transfer Tax Form marked Declaration or Exemption to the Property Maintenance Division at least (5) BUSINESS DAYS prior to the date of the real estate transfer/property closing or exemption recording via email to.