Are you one of the many Illinois residents who is required to file a state tax return? If so, you may be wondering where to find the right form. Mytax Illinois Form is an online portal that makes it easy to find and complete the appropriate form for your tax situation. In addition to providing access to forms, Mytax Illinois Form also offers helpful tips and information on completing your return.
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| Question | Answer |
|---|---|
| Form Name | Mytax Illinois |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | mydec, illinois my dec, illinois ptax 203 online, mydec illinois |
Illinois Real Estate
Transfer Declaration
Please read the instructions before completing this form.
This form can be completed electronically at tax.illinois.gov/retd.
Step 1: Identify the property and sale information.
1____________________________________________________
Street address of property (or 911 address, if available)
____________________________________________________
City or villageZIP
____________________________________________________
Township
2Write the total number of parcels to be transferred. ___________
3Write the parcel identifying numbers and lot sizes or acreage.
Property index number (PIN) |
Lot size or acreage |
a_____________________________ |
___________________ |
b_____________________________ |
___________________ |
c_____________________________ |
___________________ |
d_____________________________ |
___________________ |
Write additional property index numbers, lot sizes or acreage in Step 3.
4Date of instrument: ____ ____ / ____ ____ ____ ____
Month |
Year |
|
5 Type of instrument (Mark with an “X.” ): |
_____ Warranty deed |
|
____ Quit claim deed _____ Executor deed ____ Trustee deed |
||
____ Beneficial interest |
_____ Other (specify):______________ |
|
6____ Yes ____ No Will the property be the buyer’s principal residence?
7____ Yes ____ No Was the property advertised for sale?
(i.e., media, sign, newspaper, realtor)
8Identify the property’s current and intended primary use.
Current |
Intended |
(Mark only one item per column with an “X.”) |
a ____ |
____ Land/lot only |
|
b____ ____ Residence
c ____ ____ Mobile home residence
d____ ____ Apartment building (6 units or less) No. of units: _______
e ____ ____ Apartment building (over 6 units) No. of units: _______
f ____ ____ Office
g____ ____ Retail establishment
h____ ____ Commercial building (specify): _________________
i ____ ____ Industrial building
j ____ ____ Farm
k ____ ____ Other (specify): ____________________________
thisinwritenotDoarea. OfficeRecorder’sCountyuse. |
County: |
|
Date: |
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Doc. No.: |
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Vol.: |
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Page: |
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Received by: |
9Identify any significant physical changes in the property since January 1 of the previous year and write the date of the change.
Date of significant change: ____ ____ / ____ ____ ____ ____
MonthYear
(Mark with an “X.”)
____ Demolition/damage ____ Additions ____ Major remodeling
____ New construction ____ Other (specify): ________________
10Identify only the items that apply to this sale. (Mark with an “X.”)
a____ Fulfillment of installment contract —
year contract initiated : ___ ____ ____ ____
b____ Sale between related individuals or corporate affiliates
c____ Transfer of less than 100 percent interest
d____
e____ Sale in lieu of foreclosure
f____ Condemnation
g____ Short sale
h____ Bank REO (real estate owned)
i____ Auction sale
j____ Seller/buyer is a relocation company
k____ Seller/buyer is a financial institution or government agency
l____ Buyer is a real estate investment trust
m____ Buyer is a pension fund
n____ Buyer is an adjacent property owner
o____ Buyer is exercising an option to purchase
p____ Trade of property (simultaneous)
q____
r____ Other (specify): __________________________________
__________________________________________________
s____ Homestead exemptions on most recent tax bill:
1 General/Alternative |
$______________ |
|
2 |
Senior Citizens |
$______________ |
3 |
Senior Citizens Assessment Freeze $______________ |
|
Step 2: Calculate the amount of transfer tax due.
Note: Round Lines 11 through 18 to the next highest whole dollar. If the amount on Line 11 is over $1 million and the property’s current use on Line 8 above is marked “e,” “f,” “g,” “h,” “i,” or “k,” complete Form
11 |
Full actual consideration |
11 |
$ ____________________ |
12a |
Amount of personal property included in the purchase |
12a |
$ ____________________ |
12b |
Was the value of a mobile home included on Line 12a? |
12b |
____ Yes ____ No |
13 |
Subtract Line 12a from Line 11. This is the net consideration for real property. |
13 |
$ ____________________ |
14Amount for other real property transferred to the seller (in a simultaneous exchange)
|
as part of the full actual consideration on Line 11 |
14 |
$ ____________________ |
15 |
Outstanding mortgage amount to which the transferred real property remains subject |
15 |
$ ____________________ |
16 |
If this transfer is exempt, use an “X” to identify the provision. |
16 |
____b ____k ____m |
17 |
Subtract Lines 14 and 15 from Line 13. This is the net consideration subject to transfer tax. |
17 |
$ ____________________ |
18 |
Divide Line 17 by 500. Round the result to the next highest whole number (e.g., 61.002 rounds to 62). |
18 |
____________________ |
19 |
Illinois tax stamps — multiply Line 18 by 0.50. |
19 |
$ ____________________ |
20 |
County tax stamps — multiply Line 18 by 0.25. |
20 |
$ ____________________ |
21 |
Add Lines 19 and 20. This is the total amount of transfer tax due. |
21 |
$ ____________________ |
This form is authorized in accordance with 35 ILCS
is REQUIRED. This form has been approved by the Forms Management Center.
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