Title notes for Madison County
Madison County is in the Illinois Metro East across the river from St. Louis. Unlike Kansas and Missouri, Illinois charges a state real estate transfer tax plus a county transfer tax.
Illinois uses a transfer-on-death instrument rather than a TOD deed, and attorneys are commonly involved in Illinois residential closings.
How closings work in Illinois
Attorneys are commonly involved in Illinois residential closings, alongside a title company that issues the insurance and handles the settlement.
Illinois uses a transfer-on-death instrument to pass real estate outside probate.
Illinois closing costs
Illinois charges a state transfer tax of $0.50 per $500 of value, and counties add $0.25 per $500.
Illinois property taxes are paid a year in arrears, usually in installments, and are prorated at closing.
Nearby
Common questions
Where are deeds recorded for Madison County property?
With the Madison County Recorder of Deeds in Edwardsville.
Who pays for title insurance in Madison County?
The purchase contract decides, and local customs vary. Check the title section of your contract.
What should I look for in a title company?
Quick turnaround on the title commitment, clear answers about requirements and costs, and careful handling of your closing funds, including confirming wiring instructions by phone.