Illinois

In State Info by TSL Admin


Primary Sale Type: Tax Lien Certificate Secondary Type(s): Tax Deed / Scavenger Sale / OTC Sale Date(s): Varies: set by taxing jurisdiction Bid Type: Bidding-Down-Interest Rate of Return: 18% penalty – maximum interest (multiplied depending on date redeemed) Redemption Period: 6 months – 3 years from date of sale (varies depending on property type and back taxes owed) Over-the-Counter: Varies: set by taxing jurisdiction Statute Section(s): IL Compiled Statutes – CH 35, Title 7 State Website: www.illinois.gov State Overview: There are 102 counties in the state of Illinois. County Directory The two most populous areas in Illinois are Cook (5,376,000+) and DuPage (904,000+) County. Search Demographics: Illinois utilizes a tax lien certificate system to collect delinquent property taxes. Illinois also conducts what is called a Scavenger Sale, held biennially on odd numbered years, for delinquent properties that were not sold during the annually scheduled sale. In the time between the …



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