103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2166 Introduced , by Rep. Margaret Croke SYNOPSIS AS INTRODUCED: 35 ILCS 200/22-5 Amends the Property Tax Code. Makes changes concerning the notice of tax sale and redemption rights. Provides that the specific redemption amount need not be included in the notice. Provides that the notice shall contain certain information concerning subsequent taxes. LRB103 24978 HLH 51312 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2166 Introduced , by Rep. Margaret Croke SYNOPSIS AS INTRODUCED: 35 ILCS 200/22-5 35 ILCS 200/22-5 Amends the Property Tax Code. Makes changes concerning the notice of tax sale and redemption rights. Provides that the specific redemption amount need not be included in the notice. Provides that the notice shall contain certain information concerning subsequent taxes. LRB103 24978 HLH 51312 b LRB103 24978 HLH 51312 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2166 Introduced , by Rep. Margaret Croke SYNOPSIS AS INTRODUCED:
35 ILCS 200/22-5 35 ILCS 200/22-5
35 ILCS 200/22-5
Amends the Property Tax Code. Makes changes concerning the notice of tax sale and redemption rights. Provides that the specific redemption amount need not be included in the notice. Provides that the notice shall contain certain information concerning subsequent taxes.
LRB103 24978 HLH 51312 b LRB103 24978 HLH 51312 b
LRB103 24978 HLH 51312 b
A BILL FOR
HB2166LRB103 24978 HLH 51312 b HB2166 LRB103 24978 HLH 51312 b
HB2166 LRB103 24978 HLH 51312 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Property Tax Code is amended by changing
5 Section 22-5 as follows:
6 (35 ILCS 200/22-5)
7 Sec. 22-5. Notice of sale and redemption rights. In order
8 to be entitled to a tax deed, within 4 months and 15 days after
9 any sale held under this Code, the purchaser or his or her
10 assignee shall deliver to the county clerk a notice to be given
11 to the party in whose name the taxes are last assessed as shown
12 by the most recent tax collector's warrant books, in at least
13 10 point type in the following form completely filled in:
14 TAKE NOTICE
15 County of ...............................................
16 Date Premises Sold ......................................
17 Certificate No. .........................................
18 Sold for General Taxes of (year) ........................
19 Sold for Special Assessment of (Municipality)
20 and special assessment number ...........................
21 Warrant No. ............... Inst. No. .................
22 THIS PROPERTY HAS BEEN SOLD FOR
23 DELINQUENT TAXES
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2166 Introduced , by Rep. Margaret Croke SYNOPSIS AS INTRODUCED:
35 ILCS 200/22-5 35 ILCS 200/22-5
35 ILCS 200/22-5
Amends the Property Tax Code. Makes changes concerning the notice of tax sale and redemption rights. Provides that the specific redemption amount need not be included in the notice. Provides that the notice shall contain certain information concerning subsequent taxes.
LRB103 24978 HLH 51312 b LRB103 24978 HLH 51312 b
LRB103 24978 HLH 51312 b
A BILL FOR
35 ILCS 200/22-5
LRB103 24978 HLH 51312 b
HB2166 LRB103 24978 HLH 51312 b
HB2166- 2 -LRB103 24978 HLH 51312 b HB2166 - 2 - LRB103 24978 HLH 51312 b
HB2166 - 2 - LRB103 24978 HLH 51312 b
1 Property located at .........................................
2 Legal Description or Property Index No. .....................
3 .............................................................
4 .............................................................
5 This notice is to advise you that the above property has
6 been sold for delinquent taxes and that the period of
7 redemption from the sale will expire on .....................
8 This notice is also to advise you that a petition will be
9 filed for a tax deed which will transfer title and the right to
10 possession of this property if redemption is not made on or
11 before ......................................................
12 At the date of this notice the total amount which you must
13 pay in order to redeem the above property is ................
14 YOU ARE URGED TO REDEEM IMMEDIATELY TO
15 PREVENT LOSS OF PROPERTY
16 Redemption can be made at any time on or before .... by
17 applying to the County Clerk of .... County, Illinois at the
18 Office of the County Clerk in ...., Illinois.
19 The above amount to redeem is subject to increase at 6
20 month intervals from the date of sale and may be further
21 increased if the purchaser at the tax sale, or purchaser's
22 assignee, pays any subsequently accruing taxes or special
23 assessments to redeem the property from subsequent forfeitures
24 or tax sales. Check with the county clerk as to the exact
25 amount you owe before redeeming. Payment must be made by
26 certified check, cashier's check, money order, or in cash.
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1 For further information contact the County Clerk
2 ADDRESS:............................
3 TELEPHONE:..........................
4 ...............................
5 Purchaser or Assignee
6 Dated (insert date).
7 Within 10 days after receipt of said notice, the county
8 clerk shall mail to the addresses supplied by the purchaser or
9 assignee, by registered or certified mail, copies of said
10 notice to the party in whose name the taxes are last assessed
11 as shown by the most recent tax collector's warrant books.
12 With the exception of a county or taxing district acquiring
13 certificates pursuant to Section 21-90 and 21-260, all
14 purchasers or assignees shall pay to the clerk postage plus
15 the sum of $10. The clerk shall write or stamp the date of
16 receiving the notices upon the copies of the notices, and
17 retain one copy.
18 The changes to this Section made by this amendatory Act of
19 the 103rd 97th General Assembly apply only to tax sales that
20 occur on or after the effective date of this amendatory Act of
21 the 103rd 97th General Assembly.
22 (Source: P.A. 102-815, eff. 5-13-22.)
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...............................
Purchaser or Assignee
Dated (insert date).