Free Oak Lawn, Illinois seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Oak Lawn, Illinois (Cook County). The calculator applies the local rates for you.
- Median home value
- $267,900
- Transfer tax on $270,000
- $1,755
- Seller costs on $270,000
- About $18,442
- Median property tax bill
- $6,101 a year
- County
- Cook County
- Population
- 56,531
Oak Lawn transfer tax
On a $270,000 sale in Oak Lawn, transfer taxes come to $1,755: State real estate transfer tax, County real estate transfer tax and Oak Lawn transfer tax. By custom the seller pays it. Oak Lawn has its own local transfer tax, so the total differs from the rest of Cook County, where the same sale would owe $405.
| Tax | Rate | Paid by | On $270,000 |
|---|---|---|---|
| State real estate transfer tax | $0.50 per $500 | Seller | $270 |
| County real estate transfer tax | $0.25 per $500 | Seller | $135 |
| Oak Lawn transfer tax | $5 per $1,000 | Seller | $1,350 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,625 | $0 | $1,625 |
| $270,000 local median value | $1,755 | $0 | $1,755 |
| $500,000 | $3,250 | $0 | $3,250 |
| $1,000,000 | $6,500 | $0 | $6,500 |
Example Oak Lawn seller net sheet
A $270,000 sale, close to Oak Lawn's median home value of $267,900, with a 5% commission and a $160,000 mortgage payoff. Seller costs come to about $18,442, or 6.8% of the price.
| Line | Seller |
|---|---|
| Sale price | $270,000 |
| First mortgage payoff | −$160,000 |
| Real estate commission (5%) | −$13,500 |
| State real estate transfer tax | −$270 |
| County real estate transfer tax | −$135 |
| Oak Lawn transfer tax | −$1,350 |
| Owner's title insurance policy | −$1,180 |
| 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 | $91,558 |
Who pays what in Oak Lawn
Oak Lawn closings follow Cook County customs. In Cook 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 Oak Lawn
The median property tax bill for homeowners in Oak Lawn is $6,101 a year, about 2.28% of the median home value of $267,900 (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. Cook County custom: seller credits 105% (sometimes 110%) of the most recent full-year bill, prorated through closing.
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.
Oak Lawn seller questions
How much is the transfer tax in Oak Lawn, Illinois?
On a $270,000 sale in Oak Lawn, transfer taxes come to $1,755: State real estate transfer tax, County real estate transfer tax and Oak Lawn transfer tax. By custom the seller pays it. Oak Lawn has its own local transfer tax, so the total differs from the rest of Cook County, where the same sale would owe $405.
How much are seller closing costs in Oak Lawn?
On a $270,000 sale, close to the median home value in Oak Lawn, with a 5% commission, estimated seller costs are about $18,442 (6.8% of the price). Without commission they are about $4,942. The loan payoff and property tax proration change the final number.
What county is Oak Lawn in, and does it matter at closing?
Oak Lawn is in Cook County, Illinois. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Cook 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 Oak Lawn?
The median property tax bill for homeowners in Oak Lawn is $6,101 a year, about 2.28% of the median home value of $267,900 (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. Cook County custom: seller credits 105% (sometimes 110%) of the most recent full-year bill, prorated through closing.
Other cities in Cook County
- Chicago
- Cicero
- Schaumburg
- Evanston
- Arlington Heights
- Palatine
- Skokie
- Des Plaines
- Orland Park
- Mount Prospect
- Berwyn
- Tinley Park
Cities near Oak Lawn
Build your Oak Lawn net sheet in minutes.
Free to use. No account needed to try it.