For a taxable transfer, Illinois charges 50 cents for each $500 of taxable value, or part of $500. A county may add 25 cents per $500, and some cities impose their own transfer taxes. Exemptions and the taxable value can change the amount.
The property’s actual county and city determine which local taxes apply; a Marion mailing address alone does not establish the property’s city limits. When you sell to us, we pay the closing costs, including the Illinois state, county and city transfer taxes. Your mortgage, liens, back taxes and share of current property taxes are separate.
For the property’s location, see the official City of Marion economic development and municipal planning page and Williamson County GIS. Your closing professional can show the transaction’s applicable tax figures.
Illinois Department of Revenue: real estate transfer tax →Illinois law, 35 ILCS 200/31-10 →