Free Cook County, Illinois seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Cook County. The calculator applies Illinois and Cook County rates for you.
- Median home value
- $305,200
- Transfer tax on $305,000
- $458
- Seller costs on $305,000
- About $19,035
- Median property tax bill
- $6,053 a year
- Owner's title policy
- Seller pays
- Population
- 5,185,812
Cook County transfer tax
On a $305,000 sale in Cook County, transfer taxes come to $458: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it. Chicago, Cicero, Schaumburg, Evanston, Skokie and Des Plaines and other cities have their own rate.
| Tax | Rate | Paid by | On $305,000 |
|---|---|---|---|
| State real estate transfer tax | $0.50 per $500 | Seller | $305 |
| County real estate transfer tax | $0.25 per $500 | Seller | $152.50 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $375 | $0 | $375 |
| $305,000 local median value | $457.50 | $0 | $457.50 |
| $500,000 | $750 | $0 | $750 |
| $1,000,000 | $1,500 | $0 | $1,500 |
Example Cook County seller net sheet
A $305,000 sale, close to the county's median home value of $305,200, with a 5% commission and a $185,000 mortgage payoff. Seller costs come to about $19,035, or 6.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $305,000 |
| First mortgage payoff | −$185,000 |
| Real estate commission (5%) | −$15,250 |
| State real estate transfer tax | −$305 |
| County real estate transfer tax | −$152.50 |
| Owner's title insurance policy | −$1,320 |
| Settlement / closing fee | −$600 |
| Seller's attorney fee | −$700 |
| Survey | −$550 |
| Release / satisfaction recording | −$107 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $100,965.50 |
Who pays what in Cook County
In Cook County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by an attorney, and each side normally has its own attorney.
Property taxes in Cook County
The median property tax bill for homeowners in Cook County is $6,053 a year, about 1.98% of the median home value of $305,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Cook County custom: seller credits 105% (sometimes 110%) of the most recent full-year bill, prorated through closing.
Rates verified 2026-09-30. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Cook County seller questions
How much is the transfer tax in Cook County, Illinois?
On a $305,000 sale in Cook County, transfer taxes come to $458: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it. Chicago, Cicero, Schaumburg, Evanston, Skokie and Des Plaines and other cities have their own rate.
How much are seller closing costs in Cook County?
On a $305,000 sale, close to the median home value in Cook County, with a 5% commission, estimated seller costs are about $19,035 (6.2% of the price). Without commission they are about $3,785. The loan payoff and property tax proration change the final number.
Who pays for title insurance and closing fees in Cook County?
In Cook County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by an attorney, and each side normally has its own attorney.
How much are property taxes in Cook County?
The median property tax bill for homeowners in Cook County is $6,053 a year, about 1.98% of the median home value of $305,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Cook County custom: seller credits 105% (sometimes 110%) of the most recent full-year bill, prorated through closing.
Cities in Cook County
- Chicago
- Cicero
- Schaumburg
- Evanston
- Arlington Heights
- Palatine
- Skokie
- Des Plaines
- Orland Park
- Oak Lawn
- Mount Prospect
- Berwyn
- Tinley Park
- Oak Park
- Hoffman Estates
- Glenview
- Park Ridge
- Streamwood
- Wheeling
- Hanover Park
- Calumet City
- Northbrook
- Elk Grove Village
- Niles
- Burbank
- Lansing
- Wilmette
- Oak Forest
- Chicago Heights
- Morton Grove
- Melrose Park
- Rolling Meadows
- Elmwood Park
- Maywood
- Blue Island
- Park Forest
- South Holland
- Dolton
- Harvey
- Evergreen Park
- Brookfield
- Homewood
- Matteson
- Alsip
- Lemont
- Bellwood
- Franklin Park
- Palos Hills
- Bridgeview
- Westchester
- Country Club Hills
- La Grange
- Prospect Heights
- Norridge
- Hickory Hills
- Chicago Ridge
- Midlothian
- Forest Park
- Western Springs
- La Grange Park
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