Jacksonville Illinois Tax Lien Certificates

The collection of real estate taxes for properties located in Jacksonville Illinois is a major priority for the Morgan County Illinois Tax Collector. Real estate taxes fund local services such as public education, police protection and medical services.

Delinquent property taxes create a serious cash-flow problem for Morgan County Illinois. If Morgan County Illinois is unable to collect property taxes, they are also unable to fund important government services like police protection, public schooling, and emergency medical services.

Without the tax revenue generated from real estate located in Jacksonville Illinois, Morgan County Illinois would literally go bankrupt.

To solve this cash-flow problem, Morgan County Illinois allows investors to come in and pay off a portion of these delinquent property taxes.

In return, Morgan County Illinois gives investors Illinois tax lien certificates. A tax lien certificate is a document indicating ownership of a real estate tax lien. A tax lien is simply a claim for taxes.

An Illinois tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Morgan County Illinois to the investor.

When you buy tax lien certificates in Illinois, you are paying someone else's delinquent property taxes. What's more, Illinois actually gives you the right to receive all of the tax money due - including fees, high interest, and penalties.

To encourage delinquent owners to pay their past-due property taxes, the state of Illinois charges interest on the amount paid to satisfy the delinquent taxes, which is passed directly to the tax lien certificate purchaser.

Everyone is happy, Morgan County Illinois gets their money and you get a real estate secured, high-yielding return on your investment.

For "risk-sensitive" investors Illinois tax lien certificates are the ideal investment. Basically, you are investing your money with Morgan County Illinois and when the Morgan County Illinois Tax Collector collects the past due taxes, they send you a check, returning what you paid to purchase the Illinois tax lien certificate plus penalties, interest, and/or late fees.

Illinois tax lien certificates are safe in several ways. They are safe because the rise and fall of interest rates has no effect on Illinois tax lien certificates. Unlike the stock market, interest rates on Illinois tax lien certificates are mandated by Illinois law.

In addition, Illinois tax lien certificates are secured by real estate. So if you do not receive what you paid to purchase the Illinois tax lien certificate plus interest and/or penalties within the law mandated redemption period, then by law Morgan County Illinois has the legal right to give you the property - debt free with no mortgage!

So in review, there are two ways you can profit; either you will get what you paid to satisfy the delinquent property taxes PLUS a profit rate interest, or Morgan County Illinois has the legal right to give you the property - debt free with no mortgage!

Once you own the property you can do whatever you like; sell it for huge profit checks, rent it for monthly cash-flow, or if you like, even move in with no mortgage payment. The choice is yours, the property belongs to you.

As with all investments, there is always an element of risk. Even if the interest rates are written into Illinois law, mandated by Illinois law, and are regulated by Illinois law, there is a chance of you losing part or all of your investment. You must always try to get the best education and practice safe investing, no matter which investment vehicle you choose.

Jacksonville Illinois Discussion

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Cities located in Morgan County

The following is a list of cities and towns located in Morgan County Illinois.

Tax Lien Certificates for properties located in the following cities are sold at the Morgan County Illinois tax sale.

Town/City:  Population: 
Alexander, IL  533
Arcadia, IL  27,552
Arnold, IL  27,552
Bethel, IL  1,027
Chapin, IL  1,027
Clements, IL  1,453
Concord, IL  240
Franklin, IL  1,453
Jacksonville, IL  27,552
Lynnville, IL  27,552
Meredosia, IL  1,695
Merritt, IL  27,552
Murrayville, IL  1,560
Naples, IL  1,695
Nortonville, IL  1,560
Pisgah, IL  27,552
Rees, IL  1,453
Sinclair, IL  27,552
Sweet Water, IL  1,695
Waverly, IL  2,073
Woodson, IL  443

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:  Population: 
Adams County, IL  68,277
Alexander County, IL  9,590
Bond County, IL  17,633
Boone County, IL  41,786
Brown County, IL  6,950
Bureau County, IL  35,503
Calhoun County, IL  5,084
Carroll County, IL  16,674
Cass County, IL  13,695
Champaign County, IL  179,669
Christian County, IL  35,372
Clark County, IL  17,008
Clay County, IL  14,560
Clinton County, IL  35,535
Coles County, IL  53,196
Cook County, IL  5,376,741
Crawford County, IL  20,452
Cumberland County, IL  11,253
De Witt County, IL  16,798
Dekalb County, IL  88,969
Douglas County, IL  19,922
Dupage County, IL  904,161
Edgar County, IL  19,704
Edwards County, IL  6,971
Effingham County, IL  34,264
Fayette County, IL  21,802
Ford County, IL  14,241
Franklin County, IL  39,018
Fulton County, IL  38,250
Gallatin County, IL  6,445
Greene County, IL  14,761
Grundy County, IL  37,535
Hamilton County, IL  8,621
Hancock County, IL  20,121
Hardin County, IL  4,800
Henderson County, IL  8,213
Henry County, IL  51,020
Iroquois County, IL  31,334
Jackson County, IL  59,612
Jasper County, IL  10,117
Jefferson County, IL  40,045
Jersey County, IL  21,668
Jo Daviess County, IL  22,289
Johnson County, IL  12,878
Kane County, IL  404,119
Kankakee County, IL  103,833
Kendall County, IL  54,544
Knox County, IL  55,836
Lake County, IL  644,356
Lasalle County, IL  111,509
Lawrence County, IL  15,452
Lee County, IL  36,062
Livingston County, IL  39,678
Logan County, IL  31,183
Macon County, IL  114,706
Macoupin County, IL  49,019
Madison County, IL  258,941
Marion County, IL  41,691
Marshall County, IL  13,180
Mason County, IL  16,038
Massac County, IL  15,161
Mcdonough County, IL  32,913
Mchenry County, IL  260,077
Mclean County, IL  150,433
Menard County, IL  12,486
Mercer County, IL  16,957
Monroe County, IL  27,619
Montgomery County, IL  30,652
Morgan County, IL  36,616
Moultrie County, IL  14,287
Ogle County, IL  51,032
Peoria County, IL  183,433
Perry County, IL  23,094
Piatt County, IL  16,365
Pike County, IL  17,384
Pope County, IL  4,413
Pulaski County, IL  7,348
Putnam County, IL  6,086
Randolph County, IL  33,893
Richland County, IL  16,149
Rock Island County, IL  149,374
Saline County, IL  26,733
Sangamon County, IL  188,951
Schuyler County, IL  7,189
Scott County, IL  5,537
Shelby County, IL  22,893
St. Clair County, IL  256,082
Stark County, IL  6,332
Stephenson County, IL  48,979
Tazewell County, IL  128,485
Union County, IL  18,293
Vermilion County, IL  83,919
Wabash County, IL  12,937
Warren County, IL  18,735
Washington County, IL  15,148
Wayne County, IL  17,151
White County, IL  15,371
Whiteside County, IL  60,653
Will County, IL  502,266
Williamson County, IL  61,296
Winnebago County, IL  278,418
Woodford County, IL  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.

 

The Rule of 72 Calculator

The rule of 72 says that to find the number of years required to double your investment at a given interest rate, you simply divide the interest rate into 72.

 

Interest Rate: %
Years Required for Principal to Double
    Exact Answer:
    Rule of 72 Estimate:

 

For example, if you want to know how long it will take to double your money at eighteen percent interest, divide 18 into 72 and get 4 years.

 

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Tax Lien University Reviews

"I purchased 3 tax lien certificates at an internet auction for Miami-Dade County, Florida. All three were buildable vacant lots in moderate income neighborhoods. The prices were: (1)$1,018.86 (2) $1,224.90 (3) $1,654.82. I got 18% interest on all of them. I placed 39 bids in total."

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State Tax Sale Summaries

Research each state's individual tax sale process including whether it is a tax lien certificate, tax deed, or tax deed hybrid, redemption period, bidding method, and the interest/penalty rate by clicking on the name of the state below:

- Alabama Tax Sales
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- Pennsylvania Tax Sales
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