“There are many counties, cities, towns and villages in Illinois that hit home sellers with a tax or penalty if they do not buy another house within the same political subdivision. In my town, if I sell my house and do not buy another one in the same town I will get hit.”
How can you “get hit,” if you’ve already left?
The amount is held in escrow, and you get it when you close on your new house or move into the new residence.