Question Regarding Deliquent Taxes In Illinois
I need either an answer or where to go to look. I want to know how long a homeowner has to pay their deliquent taxes before they lose their home. I have heard that it is 4 years and some say that it is 5. I tried the search engine on the web and it led me here. Which, I think that this is a very interesting site and plan to do a lot of reading!
cici33.
Re: your question, check with your tax/counties recorders office. From what I've been taught it varies from state to state and maybe by county? In california it is or can be sold at tax sale in 5 years.
Ozzie
[ Edited by ozzie on Date 03/14/2004 ]
I have tried calling them before and IF you can get through to the deliquent tax office (and no, nobody else can answer any questions regarding this but them) amazing isnt' it! the people that work in that office are so not interested in talking to anyone. Usually it takes me 3 or 4 calls just to get someone to answer the phone there. anyways, I was just hoping perhaps to find out if anyone in illinois would know. I live in williamson county by the way.
This is great question. The rule in Illinois is that the due date for property taxes varies based on the size of the county.
Counties with less than 3,000,000 inhabitants the first installmetn of taxes is delinquent on June 1st.
Counties with more than 3,000,000 inhabitants and that use an 'accelerated' billing method will be considered delinquent after March 1st.
In both scenarios a second installlment is due on August 1st.
In both cases taxes which are delinquent the previous year will be sold at the annual sale.
Illinois also has a series of statutes for its 'Scavenger Sales'. These sales are conducted every 2 years. Properties which have 2 or more years of delinquencies and have not sold under the 'Regular System' are sold at the 'Scavenger Sale'.
Interest under the regular sale is 18%
Interest under teh Scavenger Sale is 24% (but is based on complex interest schedule).
[ Edited by rajwarrior on Date 03/14/2004 ]
If the property is owner-occupied, the homeowner has two years to redeem. if it's not owner-occupied, it can be as short as 6 months.
Does anyone know what is the "legal window" for the 5 month "Take Notice"?
I know it is due in March, but I do not know if the window is Feb 15th - March ??.
Thanks!
P.S. I normally file in February, but was away on an urgent family matter so I'd like to know if I missed the "offical" window.