Tax Lien Certificates

Macon County Tax Lien Certificates

In Illinois, the Tax Collector will sell Tax Lien Certificates to winning bidders at the Macon County Tax Lien Certificates sale. According to state law Illinois Tax Lien Certificates can earn as much as None 18% on the amount winning bidders pay to purchase Illinois Tax Lien Certificates. In addition, Illinois Tax Lien Certificates are secured by real estate. According to Illinois law a property owner has Two (2) years or (3) years to pay Macon County the amount the winning bidder paid to purchase the Tax Lien Certificates plus None 18% or risk forfeiting the property to the person who purchased the Tax Lien Certificates at the Macon County Tax Lien Certificates sale.

Tax Sale Type: Tax Lien Certificates

Contact: Tax Collector (Sec. 21-110 )

Interest Rate: None

Penalty Rate: 18% (Sec. 21-215 )

Bid Procedure: Bid Down (Sec. 21-215 ) and the highest/greatest bid (for Scavenger tax sales) (Sec. 21-260 )

Redemption Period: Two (2) years or (3) years (Sec. 21-350 )

Law: Illinois Compiled Statutes, Chapter 35, Title 7, "Tax Collection" (35 ILCS 200/21-5 et seq.)

Additional Notes:

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 ).

 

Cities located in Macon County Illinois

To learn more about Illinois Tax Lien Certificates simply click on the name of the town or city for which you are interested in the list below.

Town/City:	Population:
Argenta	1,629
Bearsdale	36,271
Blue Mound	1,792
Boody	298
Dalton City	966
Decatur	93,052
Elwin	51
Forsyth	2,547
Harristown	125
Heman	1,655
Hervey City	5,749
Macon	1,654
Maroa	2,069
Mount Zion	5,749
Mt Zion	5,749
Newburg	1,629
Niantic	858
Oakley	1,629
Oreana	1,768
Warrensburg	1,655

Counties located in Illinois

To learn how to purchase Illinois Tax Lien Certificates simply click on the name of the county for which you are interested in the list below.

County:	Auction Type:	Population:
Adams County	Tax Lien Certificates	68,277
Alexander County	Tax Lien Certificates	9,590
Bond County	Tax Lien Certificates	17,633
Boone County	Tax Lien Certificates	41,786
Brown County	Tax Lien Certificates	6,950
Bureau County	Tax Lien Certificates	35,503
Calhoun County	Tax Lien Certificates	5,084
Carroll County	Tax Lien Certificates	16,674
Cass County	Tax Lien Certificates	13,695
Champaign County	Tax Lien Certificates	179,669
Christian County	Tax Lien Certificates	35,372
Clark County	Tax Lien Certificates	17,008
Clay County	Tax Lien Certificates	14,560
Clinton County	Tax Lien Certificates	35,535
Coles County	Tax Lien Certificates	53,196
Cook County	Tax Lien Certificates	5,376,741
Crawford County	Tax Lien Certificates	20,452
Cumberland County	Tax Lien Certificates	11,253
De Witt County	Tax Lien Certificates	16,798
Dekalb County	Tax Lien Certificates	88,969
Douglas County	Tax Lien Certificates	19,922
Dupage County	Tax Lien Certificates	904,161
Edgar County	Tax Lien Certificates	19,704
Edwards County	Tax Lien Certificates	6,971
Effingham County	Tax Lien Certificates	34,264
Fayette County	Tax Lien Certificates	21,802
Ford County	Tax Lien Certificates	14,241
Franklin County	Tax Lien Certificates	39,018
Fulton County	Tax Lien Certificates	38,250
Gallatin County	Tax Lien Certificates	6,445
Greene County	Tax Lien Certificates	14,761
Grundy County	Tax Lien Certificates	37,535
Hamilton County	Tax Lien Certificates	8,621
Hancock County	Tax Lien Certificates	20,121
Hardin County	Tax Lien Certificates	4,800
Henderson County	Tax Lien Certificates	8,213
Henry County	Tax Lien Certificates	51,020
Iroquois County	Tax Lien Certificates	31,334
Jackson County	Tax Lien Certificates	59,612
Jasper County	Tax Lien Certificates	10,117
Jefferson County	Tax Lien Certificates	40,045
Jersey County	Tax Lien Certificates	21,668
Jo Daviess County	Tax Lien Certificates	22,289
Johnson County	Tax Lien Certificates	12,878
Kane County	Tax Lien Certificates	404,119
Kankakee County	Tax Lien Certificates	103,833
Kendall County	Tax Lien Certificates	54,544
Knox County	Tax Lien Certificates	55,836
Lake County	Tax Lien Certificates	644,356
Lasalle County	Tax Lien Certificates	111,509
Lawrence County	Tax Lien Certificates	15,452
Lee County	Tax Lien Certificates	36,062
Livingston County	Tax Lien Certificates	39,678
Logan County	Tax Lien Certificates	31,183
Macon County	Tax Lien Certificates	114,706
Macoupin County	Tax Lien Certificates	49,019
Madison County	Tax Lien Certificates	258,941
Marion County	Tax Lien Certificates	41,691
Marshall County	Tax Lien Certificates	13,180
Mason County	Tax Lien Certificates	16,038
Massac County	Tax Lien Certificates	15,161
Mcdonough County	Tax Lien Certificates	32,913
Mchenry County	Tax Lien Certificates	260,077
Mclean County	Tax Lien Certificates	150,433
Menard County	Tax Lien Certificates	12,486
Mercer County	Tax Lien Certificates	16,957
Monroe County	Tax Lien Certificates	27,619
Montgomery County	Tax Lien Certificates	30,652
Morgan County	Tax Lien Certificates	36,616
Moultrie County	Tax Lien Certificates	14,287
Ogle County	Tax Lien Certificates	51,032
Peoria County	Tax Lien Certificates	183,433
Perry County	Tax Lien Certificates	23,094
Piatt County	Tax Lien Certificates	16,365
Pike County	Tax Lien Certificates	17,384
Pope County	Tax Lien Certificates	4,413
Pulaski County	Tax Lien Certificates	7,348
Putnam County	Tax Lien Certificates	6,086
Randolph County	Tax Lien Certificates	33,893
Richland County	Tax Lien Certificates	16,149
Rock Island County	Tax Lien Certificates	149,374
Saline County	Tax Lien Certificates	26,733
Sangamon County	Tax Lien Certificates	188,951
Schuyler County	Tax Lien Certificates	7,189
Scott County	Tax Lien Certificates	5,537
Shelby County	Tax Lien Certificates	22,893
St. Clair County	Tax Lien Certificates	256,082
Stark County	Tax Lien Certificates	6,332
Stephenson County	Tax Lien Certificates	48,979
Tazewell County	Tax Lien Certificates	128,485
Union County	Tax Lien Certificates	18,293
Vermilion County	Tax Lien Certificates	83,919
Wabash County	Tax Lien Certificates	12,937
Warren County	Tax Lien Certificates	18,735
Washington County	Tax Lien Certificates	15,148
Wayne County	Tax Lien Certificates	17,151
White County	Tax Lien Certificates	15,371
Whiteside County	Tax Lien Certificates	60,653
Will County	Tax Lien Certificates	502,266
Williamson County	Tax Lien Certificates	61,296
Winnebago County	Tax Lien Certificates	278,418
Woodford County	Tax Lien Certificates	35,469

 

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