Illinois Tax Lien Certificates
Illinois is unique in that it holds two types of tax sales; Regular tax lien certificate sales and Scavenger tax sales.
Regular Tax Sales consist of properties which were delinquent the previous year. Bidding begins at 18% and tax lien certificates are sold to the bidders willing to accept the lowest rate. The property owner has up to three years to exercise his or her right to redeem the property.
Scavenger Tax Sales consist of properties which were delinquent for two or more years. According to (Sec. 21-260 ) the 'minimum bid for any property shall be $250 or one-half of the tax if the total liability is less than $500.'
Tax Sale Type: Tax Lien Certificates (Sec. 21-240 )
Interest Rate: None
Penalty rate: The person at the sale offering to pay the amount due on each property for the least percentage shall be the purchaser of that property. No bid shall be accepted for a penalty exceeding the maximum of 18% (Sec. 21-215 ). For Regular Tax Sales, the penalty percentage is then computed through the date of redemption as a percentage of the certificate amount, as follows (Sec. 21-355 ):
Redeemed within 06 months - penalty bid at sale;
Redeemed within 12 months - two times the penalty interest rate bid;
Redeemed within 18 months - three times the penalty interest rate bid;
Redeemed within 24 months - four times the penalty interest rate bid;
Redeemed within 36 months - five times the penalty interest rate bid.
The person redeeming from Scavenger tax sales shall pay interest on that part of the amount for which the property was sold equal to or less than the full amount of delinquent taxes, special assessments, penalties, interest, and costs, included in the judgment and order of sale as follows:
(1) If redeemed within the first 2 months from the date of the sale, 3% per month upon the amount of taxes, special assessments, penalties, interest, and costs due for each of the first 2 months or fraction thereof. (2) If redeemed at any time between 2 and 6 months from the date of the sale, 12% of the amount of taxes, special assessments, penalties, interest, and costs due. (3) If redeemed at any time between 6 and 12 months from the date of the sale, 24% of the amount of taxes, special assessments, penalties, interest, and costs due. (4) If redeemed at any time between 12 and 18 months from the date of the sale, 36% of the amount of taxes, special assessments, penalties, interest, and costs due. (5) If redeemed at any time between 18 and 24 months from the date of the sale, 48% of the amount of taxes, special assessments, penalties, interest, and costs due. (6) If redeemed after 24 months from the date of sale, the 48% provided for the 24 months together with interest at 6% per annum thereafter on the amount of taxes, special assessments, penalties, interest and costs due (Sec. 21-260 ).
Important. According to (Sec. 21-260 ) 'The person redeeming shall not be required to pay any interest on any part of the amount for which the property was sold that exceeds the full amount of delinquent taxes, special assessments, penalties, interest, and costs included in the judgment and order of sale.' Basically, this means that anything over and above the minimum bid will not draw interest.
Redemption period: Generally, properties may be redeemed at any time before the expiration of 2 years from the date of sale, (Sec. 21-350 ). However, the owner of a tax lien certificate can extend the redemption to three years from the date of sale (Sec. 21-385 ).
Attaining a Tax Deed: At any time within 5 months but not less than 3 months prior to the expiration of the redemption period for property sold pursuant to judgment and order of sale under Sections 21-110 through 21-120 or 21-260 , the purchaser or his or her assignee may file a petition in the circuit court in the same proceeding in which the judgment and order of sale were entered, asking that the court direct county clerk to issue a tax deed if the property is not redeemed from the sale. The petition shall be accompanied by the statutory filing fee.
Notice of filing the petition and the date on which the petitioner intends to apply for an order on the petition that a deed be issued if the property is not redeemed shall be given to occupants, owners and persons interested in the property as part of the notice provided in Sections 22-10 through 22-25 , except that only one publication is required. The county clerk shall be notified of the filing of the petition and any person owning or interested in the property may, if he or she desires, appear in the proceeding.
You MUST record your Tax Deed: Unless the holder of the certificate purchased at any tax sale under this Code takes out the deed in the time provided by law, and records the same within one year from and after the time for redemption expires, the certificate or deed, and the sale on which it is based, shall, after the expiration of the one year period, be absolutely void with no right to reimbursement. If the holder of the certificate is prevented from obtaining a deed by injunction or order of any court, or by the refusal or inability of any court to act upon the application for a tax deed, or by the refusal of the clerk to execute the same deed, the time he or she is so prevented shall be excluded from computation of the one year period. Certificates of purchase and deeds executed by the clerk shall recite the qualifications required in this Section (Sec. 22-85 ).
Illinois Tax Sale Discussion
Below you will find a collection of the latest user questions and comments relating to Tax Lien Certificates Illinois.
Counties located in Illinois
The following is a list of counties located in the state of Illinois.
Tax Lien Certificates for properties located in the following counties are sold at Illinois county tax sales.
Learn more about each county's individual tax sale process by clicking on the name of the county for which you are interested from the list below:
|County / Municipality:||Auction Type:||Population:|
|Adams County, IL||Tax Lien Certificates||68,277|
|Alexander County, IL||Tax Lien Certificates||9,590|
|Bond County, IL||Tax Lien Certificates||17,633|
|Boone County, IL||Tax Lien Certificates||41,786|
|Brown County, IL||Tax Lien Certificates||6,950|
|Bureau County, IL||Tax Lien Certificates||35,503|
|Calhoun County, IL||Tax Lien Certificates||5,084|
|Carroll County, IL||Tax Lien Certificates||16,674|
|Cass County, IL||Tax Lien Certificates||13,695|
|Champaign County, IL||Tax Lien Certificates||179,669|
|Christian County, IL||Tax Lien Certificates||35,372|
|Clark County, IL||Tax Lien Certificates||17,008|
|Clay County, IL||Tax Lien Certificates||14,560|
|Clinton County, IL||Tax Lien Certificates||35,535|
|Coles County, IL||Tax Lien Certificates||53,196|
|Cook County, IL||Tax Lien Certificates||5,376,741|
|Crawford County, IL||Tax Lien Certificates||20,452|
|Cumberland County, IL||Tax Lien Certificates||11,253|
|De Witt County, IL||Tax Lien Certificates||16,798|
|Dekalb County, IL||Tax Lien Certificates||88,969|
|Douglas County, IL||Tax Lien Certificates||19,922|
|Dupage County, IL||Tax Lien Certificates||904,161|
|Edgar County, IL||Tax Lien Certificates||19,704|
|Edwards County, IL||Tax Lien Certificates||6,971|
|Effingham County, IL||Tax Lien Certificates||34,264|
|Fayette County, IL||Tax Lien Certificates||21,802|
|Ford County, IL||Tax Lien Certificates||14,241|
|Franklin County, IL||Tax Lien Certificates||39,018|
|Fulton County, IL||Tax Lien Certificates||38,250|
|Gallatin County, IL||Tax Lien Certificates||6,445|
|Greene County, IL||Tax Lien Certificates||14,761|
|Grundy County, IL||Tax Lien Certificates||37,535|
|Hamilton County, IL||Tax Lien Certificates||8,621|
|Hancock County, IL||Tax Lien Certificates||20,121|
|Hardin County, IL||Tax Lien Certificates||4,800|
|Henderson County, IL||Tax Lien Certificates||8,213|
|Henry County, IL||Tax Lien Certificates||51,020|
|Iroquois County, IL||Tax Lien Certificates||31,334|
|Jackson County, IL||Tax Lien Certificates||59,612|
|Jasper County, IL||Tax Lien Certificates||10,117|
|Jefferson County, IL||Tax Lien Certificates||40,045|
|Jersey County, IL||Tax Lien Certificates||21,668|
|Jo Daviess County, IL||Tax Lien Certificates||22,289|
|Johnson County, IL||Tax Lien Certificates||12,878|
|Kane County, IL||Tax Lien Certificates||404,119|
|Kankakee County, IL||Tax Lien Certificates||103,833|
|Kendall County, IL||Tax Lien Certificates||54,544|
|Knox County, IL||Tax Lien Certificates||55,836|
|Lake County, IL||Tax Lien Certificates||644,356|
|Lasalle County, IL||Tax Lien Certificates||111,509|
|Lawrence County, IL||Tax Lien Certificates||15,452|
|Lee County, IL||Tax Lien Certificates||36,062|
|Livingston County, IL||Tax Lien Certificates||39,678|
|Logan County, IL||Tax Lien Certificates||31,183|
|Macon County, IL||Tax Lien Certificates||114,706|
|Macoupin County, IL||Tax Lien Certificates||49,019|
|Madison County, IL||Tax Lien Certificates||258,941|
|Marion County, IL||Tax Lien Certificates||41,691|
|Marshall County, IL||Tax Lien Certificates||13,180|
|Mason County, IL||Tax Lien Certificates||16,038|
|Massac County, IL||Tax Lien Certificates||15,161|
|Mcdonough County, IL||Tax Lien Certificates||32,913|
|Mchenry County, IL||Tax Lien Certificates||260,077|
|Mclean County, IL||Tax Lien Certificates||150,433|
|Menard County, IL||Tax Lien Certificates||12,486|
|Mercer County, IL||Tax Lien Certificates||16,957|
|Monroe County, IL||Tax Lien Certificates||27,619|
|Montgomery County, IL||Tax Lien Certificates||30,652|
|Morgan County, IL||Tax Lien Certificates||36,616|
|Moultrie County, IL||Tax Lien Certificates||14,287|
|Ogle County, IL||Tax Lien Certificates||51,032|
|Peoria County, IL||Tax Lien Certificates||183,433|
|Perry County, IL||Tax Lien Certificates||23,094|
|Piatt County, IL||Tax Lien Certificates||16,365|
|Pike County, IL||Tax Lien Certificates||17,384|
|Pope County, IL||Tax Lien Certificates||4,413|
|Pulaski County, IL||Tax Lien Certificates||7,348|
|Putnam County, IL||Tax Lien Certificates||6,086|
|Randolph County, IL||Tax Lien Certificates||33,893|
|Richland County, IL||Tax Lien Certificates||16,149|
|Rock Island County, IL||Tax Lien Certificates||149,374|
|Saline County, IL||Tax Lien Certificates||26,733|
|Sangamon County, IL||Tax Lien Certificates||188,951|
|Schuyler County, IL||Tax Lien Certificates||7,189|
|Scott County, IL||Tax Lien Certificates||5,537|
|Shelby County, IL||Tax Lien Certificates||22,893|
|St. Clair County, IL||Tax Lien Certificates||256,082|
|Stark County, IL||Tax Lien Certificates||6,332|
|Stephenson County, IL||Tax Lien Certificates||48,979|
|Tazewell County, IL||Tax Lien Certificates||128,485|
|Union County, IL||Tax Lien Certificates||18,293|
|Vermilion County, IL||Tax Lien Certificates||83,919|
|Wabash County, IL||Tax Lien Certificates||12,937|
|Warren County, IL||Tax Lien Certificates||18,735|
|Washington County, IL||Tax Lien Certificates||15,148|
|Wayne County, IL||Tax Lien Certificates||17,151|
|White County, IL||Tax Lien Certificates||15,371|
|Whiteside County, IL||Tax Lien Certificates||60,653|
|Will County, IL||Tax Lien Certificates||502,266|
|Williamson County, IL||Tax Lien Certificates||61,296|
|Winnebago County, IL||Tax Lien Certificates||278,418|
|Woodford County, IL||Tax Lien Certificates||35,469|
Tax Lien University, Inc. is an educational organization, and individual performance depends upon the individual skills, time availability, and dedication of each student. Testimonials included may not represent typical results. Unique experiences and past performances do not guarantee future results. Tax Lien University, Inc. its owners, employees, and affiliates do not give investment or financial advice and are not licensed as brokers by or registered as advisors with any agency. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
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Tax Lien Certificate States
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Tax Lien Certificate Reports
Below is a list of free articles on how to profit with tax lien certificates, tax deeds, and more.
- What are Liens
- The Effects of Liens on Title
- How Lien Priority is Established
- What are Tax Lien Certificates
- How to Buy Tax Lien Certificates
- Learn the Tax Sale Bid Methods
- Buy Tax Liens with a Business
- Over the Counter Tax Liens
- How to get the Tax Sale List
- Profits with Tax Sale Overages
- Tax Lien and Tax Deed States
- Tax Lien Profit Calculator
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