Finance Department

Whenever real estate is sold within the Village the buyer must purchase a real estate transfer stamp prior to closing and recording of documents. Revenue generated from transfer stamp sales funds infrastructure and capital costs.

Village of Lincolnshire Checklist for Sale of Property

Are you Selling or Buying property in Lincolnshire?

Real estate transfer stamp process.

Real estate transaction checklist.

Completed MyDec/PTAX-203 and deed should be sent to the Village via email:

Lincolnshire’s Village Board adopted a 1% Food and Beverage tax in September 2017. The tax applies to food and beverages prepared for immediate consumption and sold on or after November 1, 2017.

Village Code: Food and Beverage Tax 3-1-13.

• Food and Beverage Tax Registration Form: Complete this form and remit it to Matt Rossi, finance director, prior to opening for business. Upon receipt of the registration form, the finance director will send the food and beverage tax return form to the tax preparer identified on the registration form. Tax payments are due one month in arrears to the Village.

• Food and Beverage Tax Return: Complete this form monthly and remit with payment and Illinois Department of Revenue ST-1/ST-2 forms. 

• Food and Beverage Tax Return - EXAMPLE 

• Food and Beverage Tax FAQs: The “Frequently Asked Questions” document was prepared to supplement the Village Code and clarify many common questions received by surrounding communities following the implementation of the tax.

The tax levied and imposed upon the use and privilege of renting, leasing or letting a hotel or motel room within the Village of Lincolnshire is 6% of the gross sales revenue (effective July 1, 2024).

Village Code: Hotel and Motel Tax 3-1-4

The tax levied and imposed upon patrons of any amusement within the Village. Amusement tax on the sale price of live theater tickets is 1.5%. Amusement tax for admission to any other amusement event is 5%.

Village Code: Admissions Tax 3-1-5

The Village of Lincolnshire levies a property tax to pay for pension obligations including Illinois Municipal Retirement Fund and Police Pension. The Village’s tax levy rate is 0.28 which is amongst the lowest Municipal rates in Lake County. The Village of Lincolnshire receives only 3% of the total property tax bills. The remaining 97% is allocated to the other government entities that offer services to Lincolnshire residents. 

The general merchandise sales tax rate in Lincolnshire is 8%. The Village receives 1% of the states base sales tax rate and an additional 1% for home rule sales tax.

Total Sales Tax in Lincolnshire
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State of Illinois     6.25%
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Regional Transit Authority     0.75%
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Village of Lincolnshire Home Rule Sales Tax     1%
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8.0 %