oak park il transfer stamps

oak park il transfer stamps

Don’t Get Caught by the Oak Park Exemption Charge $30

I rarely file quit claim deeds.  Usually this is handled by title companies.  But once in a while, I will draft a quit claim and file it myself.  This is always a good lesson in the practice of law which can be very tricky.  I recently recorded a quick claim deed for a property in Oak Park and the result was that the transaction was exempt and not subject to transfer tax, except, being exempt cost $30 and requires a stamp from Oak Park.

Oak Park is a great municipality to work with and the EZ-Dec used by the Cook County Recorder of Deeds is a snap.  Bottom line – don’t forget in Oak Park – its $30 (transfer tax) to transfer an “exempt” property.

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