Will County Supervisor of Assessments
Real Estate Transfer Declarations

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In accordance with:
"Section 31-25 of the Property Tax Code (35 ILCS 200/31-25)"

Transfer Declaration

The declaration shall state information including, but not limited to:

(a)

the full consideration for the property so transferred

(b)

the parcel identifying number of the property

(c)

the legal description of the property

(d)

the date of the deed or trust document

(e)

the type of deed or trust document

(f)

the address of the property

(g)

the type of improvement, if any, on the property

(h)

information as to whether the transfer is between related individuals or corporate affiliates or is a compulsory transaction

(i)

the lot size or acreage

(j)

the value of personal property sold with the real estate

(k)

the year the contract was initiated if an installment sale

(l)

the name, address, and telephone number of the person preparing

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In accordance with:
"Section 31-30 of the Property Tax Code (35 ILCS 200/31-30)"

Use of Transfer Declaration

The recorder or registrar of titles shall not record the declaration, but shall insert on the declaration and all attachments the Document Number assigned to the deed or trust document, and shall within 30 days of receipt transmit the declaration to the chief county assessment officer. The chief county assessment officer shall insert on the declaration the most recent assessed value for each parcel of the transferred property and other information required by the Department, and, within 30 days of receipt or within 30 days of the adjournment of the board of review for the previous assessment year, whichever is later, shall transmit all the declarations to the Department. The chief county assessment officer may also copy and retain any information relating to the property transferred to assist in determining the proper assessed valuation of the property transferred and other properties in his county.