(A) Real estate transfer stamps are required for all deeds recorded in the village, unless otherwise noted.
(B) Applications for real estate transfer stamps shall be made on a declaration form prescribed by the village. Such declaration shall show the full consideration for the property, the date of the transaction, the names of the grantor and grantee, the common address, the legal description of the property, including permanent index number of the property subject to the transfer and, for non-residential property, a signed certificate of compliance certifying that there are no negative use restrictions on the deed or document sought to be recorded in violation of this code.
(C) The transfer stamps shall be available for issuance at and during the regular business hours of the village offices or at other locations designated by the Director of Finance or designee. Upon completion of the proper application, the transfer stamps so applied for shall be affixed to the deed, assignment of beneficial interest, or other instrument of conveyance. The transfer stamp or stamps shall be marked with initials of the person issuing the stamp or stamps and the day, month and year when the stamp or stamps are issued.
(D) For the purpose of reviewing requests for real estate transfer stamps, the village may take up to five business days of receipt of completed application to process the request.
(Ord. 2023-O-055, passed 12-5-23)