Free Highland Park, Illinois seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Highland Park, Illinois (Lake County). The calculator applies the local rates for you.
- Median home value
- $594,400
- Transfer tax on $595,000
- $3,868
- Seller costs on $595,000
- About $37,986
- Median property tax bill
- more than $10,000 a year
- County
- Lake County
- Population
- 30,794
Highland Park transfer tax
On a $595,000 sale in Highland Park, transfer taxes come to $3,868: State real estate transfer tax, County real estate transfer tax and Highland Park transfer tax. By custom the seller pays it. Highland Park has its own local transfer tax, so the total differs from the rest of Lake County, where the same sale would owe $893.
| Tax | Rate | Paid by | On $595,000 |
|---|---|---|---|
| State real estate transfer tax | $0.50 per $500 | Seller | $595 |
| County real estate transfer tax | $0.25 per $500 | Seller | $297.50 |
| Highland Park transfer tax | $5 per $1,000 | Seller | $2,975 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,625 | $0 | $1,625 |
| $500,000 | $3,250 | $0 | $3,250 |
| $595,000 local median value | $3,867.50 | $0 | $3,867.50 |
| $1,000,000 | $6,500 | $0 | $6,500 |
Example Highland Park seller net sheet
A $595,000 sale, close to Highland Park's median home value of $594,400, with a 5% commission and a $355,000 mortgage payoff. Seller costs come to about $37,986, or 6.4% of the price.
| Line | Seller |
|---|---|
| Sale price | $595,000 |
| First mortgage payoff | −$355,000 |
| Real estate commission (5%) | −$29,750 |
| State real estate transfer tax | −$595 |
| County real estate transfer tax | −$297.50 |
| Highland Park transfer tax | −$2,975 |
| Owner's title insurance policy | −$2,361.25 |
| Settlement / closing fee | −$600 |
| Seller's attorney fee | −$700 |
| Survey | −$550 |
| Release / satisfaction recording | −$107 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $202,014.25 |
Who pays what in Highland Park
Highland Park closings follow Lake County customs. In Lake County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by an attorney, and each side normally has its own attorney.
Property taxes in Highland Park
The median property tax bill for homeowners in Highland Park is more than $10,000 a year (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Taxes are paid a year in arrears (Cook County installments Mar 1 and Aug 1 for the prior year); the seller credits the buyer for the prior year if unpaid plus Jan 1 through closing, customarily at 105%-110% of the last bill.
Rates verified 2026-09-30. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Highland Park seller questions
How much is the transfer tax in Highland Park, Illinois?
On a $595,000 sale in Highland Park, transfer taxes come to $3,868: State real estate transfer tax, County real estate transfer tax and Highland Park transfer tax. By custom the seller pays it. Highland Park has its own local transfer tax, so the total differs from the rest of Lake County, where the same sale would owe $893.
How much are seller closing costs in Highland Park?
On a $595,000 sale, close to the median home value in Highland Park, with a 5% commission, estimated seller costs are about $37,986 (6.4% of the price). Without commission they are about $8,236. The loan payoff and property tax proration change the final number.
What county is Highland Park in, and does it matter at closing?
Highland Park is in Lake County, Illinois. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Lake County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in Highland Park?
The median property tax bill for homeowners in Highland Park is more than $10,000 a year (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Taxes are paid a year in arrears (Cook County installments Mar 1 and Aug 1 for the prior year); the seller credits the buyer for the prior year if unpaid plus Jan 1 through closing, customarily at 105%-110% of the last bill.
Other cities in Lake County
- Waukegan
- Buffalo Grove
- Mundelein
- North Chicago
- Gurnee
- Round Lake Beach
- Vernon Hills
- Zion
- Grayslake
- Libertyville
- Lake Zurich
- Lake Forest
Cities near Highland Park
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