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Real Estate Transfer Stamps The seller of property in Oak Park is required to purchase real estate transfer tax stamps before a property transfer can be consummated. Each seller or the seller's representative should contact the Village Clerk's Office to obtain a real estate transfer tax declaration form. The completed form or a copy of the sales contract must be submitted to the Village Clerk's Office. The cost of the transfer stamps is $8 per thousand, or fraction thereof, of the full actual contract price. Real estate transfer stamps will not be issued until all outstanding Village utility charges have been paid in full. The seller should order a final water reading so that the final bill is prepared when real estate transfer stamps are to be purchased. To arrange a final reading, call 358.5478 at least seventy-two hours before you intend to purchase the real estate transfer stamps. Payment for utility charges may be made with a cashier's check, certified check, money order, MasterCard, Visa or Discover card. Personal checks are not accepted. |
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