Wayne County, Illinois seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Wayne County. The calculator applies Illinois and Wayne County rates for you.
- Median home value
- $109,400
- Transfer tax on $110,000
- $165
- Seller costs on $110,000
- About $8,212
- Median property tax bill
- $1,670 a year
- Owner's title policy
- Seller pays
- Population
- 15,994
Wayne County transfer tax
On a $110,000 sale in Wayne County, transfer taxes come to $165: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $110,000 |
|---|---|---|---|
| State real estate transfer tax | $0.50 per $500 | Seller | $110 |
| County real estate transfer tax | $0.25 per $500 | Seller | $55 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $110,000 local median value | $165 | $0 | $165 |
| $250,000 | $375 | $0 | $375 |
| $500,000 | $750 | $0 | $750 |
| $1,000,000 | $1,500 | $0 | $1,500 |
Example Wayne County seller net sheet
A $110,000 sale, close to the county's median home value of $109,400, with a 5% commission and a $65,000 mortgage payoff. Seller costs come to about $8,212, or 7.5% of the price.
| Line | Seller |
|---|---|
| Sale price | $110,000 |
| First mortgage payoff | −$65,000 |
| Real estate commission (5%) | −$5,500 |
| State real estate transfer tax | −$110 |
| County real estate transfer tax | −$55 |
| Owner's title insurance policy | −$540 |
| 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 | $36,788 |
Who pays what in Wayne County
In Wayne 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 Wayne County
The median property tax bill for homeowners in Wayne County is $1,670 a year, about 1.53% of the median home value of $109,400 (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.
Wayne County seller questions
How much is the transfer tax in Wayne County, Illinois?
On a $110,000 sale in Wayne County, transfer taxes come to $165: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
How much are seller closing costs in Wayne County?
On a $110,000 sale, close to the median home value in Wayne County, with a 5% commission, estimated seller costs are about $8,212 (7.5% of the price). Without commission they are about $2,712. The loan payoff and property tax proration change the final number.
Who pays for title insurance and closing fees in Wayne County?
In Wayne 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 Wayne County?
The median property tax bill for homeowners in Wayne County is $1,670 a year, about 1.53% of the median home value of $109,400 (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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