Step 1: Identify the property and sale information. Step 2: Calculate the amount of transfer tax due.
Filing: File Form PTAX-203 for all real estate transfers except those qualifying for exempt status under (a), (c), (d), (e), (f), (g), (h), (i), (j), or (l) listed below.
Signatures: the seller and buyer (or their agents) and preparer must sign this form.
Legal description: enter the legal description from the deed. Use a minimum 10-point font if the legal description is typed.
Residence and advertising: Will the property be the buyer's principal residence? Was the property advertised for sale?
Tax stamps: Illinois tax stamps: multiply Line 18 by 0.50. County tax stamps: multiply Line 18 by 0.25.
| Question | Answer |
|---|---|
| Form Name | PTAX-203 |
| Form Length | 4 pages |
| Fillable? | Yes |
| Fillable fields | 118 |
| Avg. time to fill out | 20 min |
| Edition | R-10/24 |
| Where to file | County Recorder's office within the county where the property is located |
| Matches the agency's file | Yes, checked October 2, 2026 |
| Other names | PTAX-203, PTAX203, PTAX 203, Form PTAX-203, Illinois Real Estate Transfer Declaration |
| Official source | PTAX-203 (Rev R-10/24), |
Form Ptax 203 isn’t the one you’re looking for?