Section Sec. 39-108 of the Chicago Heights Code of Ordinances provides as follows:
(a.) Re-investment. A grantor or seller who has paid to the city treasurer the tax provided for in Section 39-102 herein shall be entitled to a refund of such tax provided any such grantor or seller meets all of the following requirements:
Has owned and occupied the dwelling on the property for which such tax was paid as his principal residence
Has not rented or leased any portion(s) of the dwelling or real property sold to another person or persons
Has bought or built a single-family dwelling or condominium unit within the city limits within eighteen (18) months from the payment of the tax sought to be refunded
In order to obtain the re-investment refund, the grantor/seller must submit the following documents to the City Clerk of the City of Chicago Heights:
Signed and notarized affidavit on form supplied by the City Clerk.
Copy of the signed closing statement on the property sold.
Copy of the signed closing statement on the property purchased.
Copy of the signed Chicago Heights Real Estate Transfer Declaration previously submitted with the transfer tax payment.
Documentation should be forwarded to the Clerk's Office, attention: Transfer Tax.