Cook County Real Estate Transfer Declaration Fillable Form
What is the Cook County Real Estate Transfer Declaration Fillable Form?
The Cook County Real Estate Transfer Declaration Fillable Form is a document that must be completed and filed with the Cook County Recorder of Deeds when a piece of real estate is sold or transferred. This form is required under Illinois law and failure to file it may result in penalties and fines.
Why is the Cook County Real Estate Transfer Declaration Fillable Form necessary?
The purpose of the Cook County Real Estate Transfer Declaration Fillable Form is to collect information about the sale or transfer of real estate. This information is used by the Cook County Assessor's Office to determine the fair market value of the property for property tax purposes. The information is also used by the Illinois Department of Revenue to monitor compliance with state tax laws.
Who needs to complete the Cook County Real Estate Transfer Declaration Fillable Form?
The Cook County Real Estate Transfer Declaration Fillable Form must be completed by the buyer or seller of the real estate, or their authorized agent. If the transfer is part of an estate, the executor or administrator of the estate must complete the form. If the transfer is part of a divorce settlement, the person awarded the property must complete the form.
What information is required on the Cook County Real Estate Transfer Declaration Fillable Form?
The Cook County Real Estate Transfer Declaration Fillable Form requires a variety of information about the property and the parties involved in the transfer. Some of the information required includes:
- Address and legal description of the property
- Name and address of the buyer and seller
- Sale price of the property
- Type of transfer (e.g. sale, gift, inheritance)
- Relationship between the parties (if applicable)
Where can I find the Cook County Real Estate Transfer Declaration Fillable Form?
The Cook County Real Estate Transfer Declaration Fillable Form can be found on the Cook County Recorder of Deeds website. The form is available in PDF format and can be filled out electronically or printed and completed by hand.
How do I complete the Cook County Real Estate Transfer Declaration Fillable Form?
To complete the Cook County Real Estate Transfer Declaration Fillable Form, you will need to provide all of the required information about the property and the parties involved in the transfer. You can fill out the form electronically or print it out and complete it by hand. Make sure to review the form carefully before submitting it to ensure that all of the information is accurate and complete.
What happens after I submit the Cook County Real Estate Transfer Declaration Fillable Form?
After you submit the Cook County Real Estate Transfer Declaration Fillable Form, it will be reviewed by the Cook County Recorder of Deeds. If the form is complete and accurate, it will be recorded and filed. If there are any issues with the form, you may be contacted for additional information or clarification.
What are the penalties for not filing the Cook County Real Estate Transfer Declaration Fillable Form?
Failure to file the Cook County Real Estate Transfer Declaration Fillable Form may result in penalties and fines. In addition, failure to file the form may result in an incorrect assessment of the property for property tax purposes, which could result in higher property taxes.
Can I file the Cook County Real Estate Transfer Declaration Fillable Form online?
Yes, the Cook County Recorder of Deeds allows for electronic filing of the Cook County Real Estate Transfer Declaration Fillable Form. You will need to create an account on the Cook County Recorder of Deeds website in order to file the form electronically.
How long do I have to file the Cook County Real Estate Transfer Declaration Fillable Form?
The Cook County Real Estate Transfer Declaration Fillable Form must be filed within 30 days of the transfer of the property. Failure to file the form within this time frame may result in penalties and fines.
Can I amend the Cook County Real Estate Transfer Declaration Fillable Form?
Yes, if you need to make a correction or update to the Cook County Real Estate Transfer Declaration Fillable Form, you can file an amended form. You will need to provide all of the correct and updated information on the amended form.
Conclusion
The Cook County Real Estate Transfer Declaration Fillable Form is an important document that must be completed and filed with the Cook County Recorder of Deeds when a piece of real estate is sold or transferred. The form collects important information about the transfer that is used by the Cook County Assessor's Office and the Illinois Department of Revenue. Failure to file the form may result in penalties and fines, so it is important to make sure that the form is complete and accurate before submitting it.