Most of the time, yes.

No- not unless the buyer will also qualify for the exemption.  A couple of rare exceptions apply- please call us to discuss this further.

(Last year’s tax bill multiplied by 105%)/365) multiplied by the number of days between last year’s tax bill and closing. Example: Last year’s tax bill = […]

The full value of the last tax bill prorated per the contract.

Not much.  You agreed to give a certain tax proration in the contract- if we are still within the first five days, we can try to […]

In Illinois, real estate taxes are paid in arrears, meaning this year, you are paying for last year’s taxes.  As such, at the closing, you must […]

It depends on a lot of factors.  Here is a list of items that most sellers need to pay for in a standard closing: Realtor fees […]