PTAX-203 Illinois Real Estate Transfer Declaration 2026

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The document is the Illinois Real Estate Transfer Declaration form, which is used to report property transfer details, including property identification, sale information, and tax calculations. It requires information about the property, significant changes since the previous year, and the nature of the sale. The form also includes sections for buyer and seller information, legal descriptions, and verification of accuracy. Additionally, it outlines steps for calculating transfer taxes due based on the property's sale price.

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Click ‘Get Form’ to open the PTAX-203 in our editor.
Begin by identifying the property and sale information. Fill in the street address, city, township, and ZIP code of the property being transferred.
Indicate the total number of parcels being transferred and provide their identifying numbers along with lot sizes or acreage.
In Section 9, note any significant physical changes to the property since January 1 of the previous year and mark the date of these changes.
Proceed to Section 10 to identify applicable items related to this sale by marking them with an 'X'.
Calculate the transfer tax due in Step 2 by following the instructions provided for each line item.
Complete Step 3 by writing or attaching the legal description from the deed.
Finally, fill out seller and buyer information, ensuring all signatures are included before submitting your form.

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See more PTAX-203 Illinois Real Estate Transfer Declaration versions

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Versions	Form popularity	Fillable & printable
2010	4.9 Satisfied (45 Votes)
2005	4 Satisfied (55 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do you have to have a lawyer to transfer a deed?

Quick, do-it-yourself templates are not advised. Due to the complex nature of these documents, the preparation of a deed is considered the practice of law in Illinois. This prevents non-attorneys from preparing deeds on behalf of anyone other than themselves and protects the parties involved.

What is a MyDec in Illinois?

MyDec - Online Real Property Transfer Tax Declarations. The Illinois Department of Revenue has developed a free online program for your use, called MyDec, which will allow you to process real property transfer tax declarations, including authorizing and printing electronic stamps.

How to avoid paying transfer tax in Illinois?

The following transactions are exempt from the transfer tax under 35 ILCS 200/31-45. (a) Deeds representing real estate transfers made before January 1, 1968, but recorded after that date and trust documents executed before January 1, 1986, but recorded after that date.

What is the best way to transfer a property to a family member?

You may not need to involve an attorney to create a particular deed if you already have all the information. This is especially true if you are transferring property between family members or into or out of a trust. We provide several real estate forms that can help you transfer property validly in your state.

How do I transfer ownership of a property in Illinois?

You must file either (1) Form PTAX-203 and any required documents with the deed or trust document or (2) an exemption notation on the original deed or trust document at the County Recorders office within the county where the property is located.

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Does an attorney have to prepare a deed in Illinois?

Property Deed Cost A property deed can cost between $50 to $200 for charges associated with the legal document that transfers the title to real estate from one person to another.

Does Illinois have a real estate transfer tax?

Most of the time, sellers pay. In some communities, buyers are hit with the tax. In Chicago, both buyers and sellers must pay a transfer tax. In addition to the municipal transfer tax, each county in Illinois assesses a transfer tax at the rate of 50 cents per thousand dollars of the sale price.