Free Highland, Illinois seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Highland, Illinois (Madison County). The calculator applies the local rates for you.
- Median home value
- $185,800
- Transfer tax on $185,000
- $278
- Seller costs on $185,000
- About $12,375
- Median property tax bill
- $3,900 a year
- County
- Madison County
- Population
- 10,028
Highland transfer tax
On a $185,000 sale in Highland, transfer taxes come to $278: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $185,000 |
|---|---|---|---|
| State real estate transfer tax | $0.50 per $500 | Seller | $185 |
| County real estate transfer tax | $0.25 per $500 | Seller | $92.50 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $185,000 local median value | $277.50 | $0 | $277.50 |
| $250,000 | $375 | $0 | $375 |
| $500,000 | $750 | $0 | $750 |
| $1,000,000 | $1,500 | $0 | $1,500 |
Example Highland seller net sheet
A $185,000 sale, close to Highland's median home value of $185,800, with a 5% commission and a $110,000 mortgage payoff. Seller costs come to about $12,375, or 6.7% of the price.
| Line | Seller |
|---|---|
| Sale price | $185,000 |
| First mortgage payoff | −$110,000 |
| Real estate commission (5%) | −$9,250 |
| State real estate transfer tax | −$185 |
| County real estate transfer tax | −$92.50 |
| Owner's title insurance policy | −$840 |
| 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 | $62,625.50 |
Who pays what in Highland
Highland closings follow Madison County customs. In Madison 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 Highland
The median property tax bill for homeowners in Highland is $3,900 a year, about 2.1% of the median home value of $185,800 (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. Taxes are paid a year in arrears (Cook County installments Mar 1 and Aug 1 for the prior year); the seller credits the buyer for the prior year if unpaid plus Jan 1 through closing, customarily at 105%-110% of the last bill.
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.
Highland seller questions
How much is the transfer tax in Highland, Illinois?
On a $185,000 sale in Highland, transfer taxes come to $278: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
How much are seller closing costs in Highland?
On a $185,000 sale, close to the median home value in Highland, with a 5% commission, estimated seller costs are about $12,375 (6.7% of the price). Without commission they are about $3,125. The loan payoff and property tax proration change the final number.
What county is Highland in, and does it matter at closing?
Highland is in Madison County, Illinois. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Madison County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in Highland?
The median property tax bill for homeowners in Highland is $3,900 a year, about 2.1% of the median home value of $185,800 (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. Taxes are paid a year in arrears (Cook County installments Mar 1 and Aug 1 for the prior year); the seller credits the buyer for the prior year if unpaid plus Jan 1 through closing, customarily at 105%-110% of the last bill.
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