How Much Does it Cost to Record a Quit Claim Deed in Illinois?

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You may need to file a quitclaim deed in Illinois and are wondering what costs are involved. The fees will vary based on the location of the property and the nature of the transaction that the  quitclaim deed is being used for. At a minimum, you would need to pay the county recording fee, but there could be other costs involved.

How Much Does it Cost to Record a Quit Claim Deed in Illinois?

Once your quitclaim deed is prepared and any state, county and municipal requirements have been satisfied, the costs of recording your deed will be between $70 and $107 depending on the county in which you are recording. While many smaller counties in Illinois charge $70 to record a deed, Cook County has the highest fee at $107.

How Much Does it Cost to Record a Quit Claim Deed in Illinois? Recording a quitclaim deed in Illinois costs between $70 to $107, with Cook County being the highest at $107.

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What is the Cost to Prepare a Quitclaim Deed?

While you can technically prepare a quitclaim deed on your own at no cost, there are several reasons you should consider hiring an attorney to assist. Attorney may charge a fee in the range of $500 to $1000 for this service, which could save you a lot of headache resulting from drafting and executing the deed improperly. Additionally, an attorney can often obtain transfer stamps and record the deed electronically, saving you the time and hassle of going to the county recorder’s office to file it in person. 

Do I Need to Pay Transfer Taxes to Record a Quitclaim Deed?  

Depending on the situation, you may be required to pay real estate transfer taxes to the state, county and municipality in order to record your quitclaim deed. While many transfers involving quitclaim deeds are exempt, if there is more than $100 consideration being paid for the property and the transfer is not covered by another exemption, you will be responsible to pay state and county taxes. Many municipalities, including Chicago, impose their own transfer tax as well.

Even if no transfer tax is due, there are often municipal requirements that must be satisfied prior to recording your deed. These can include a village inspection, final water reading and payment, exempt transfer stamp application, each of which may have fees or require payment.

Summary

While the actual cost of recording a quitclaim deed in Illinois runs between $70 to $107, depending on which county you are in, there may be other costs involved such the payment of transfer taxes, satisfaction of municipal requirements, and the cost of hiring a lawyer to assist you with drafting and recording your deed.

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