There is hereby imposed a tax on the privilege of transferring a controlling interest in a real estate entity owning property located in Union County, including a lessee’s interest in certain ground leases, in the amount of Twenty-Five Cents ($0.25) per Five Hundred Dollars ($500.00) consideration or fraction of Five Hundred Dollars ($500.00) value declared in the real estate transfer declaration required by 35 ILCS 200/31–25, such tax to be in addition to any and all transfer tax currently authorized for collection by the County.
Home36–13‑6 Controlling Interest Transfer