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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||||||||||||||||||||
5 | Section 21-240 as follows:
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6 | (35 ILCS 200/21-240)
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7 | Sec. 21-240. Payment for property purchased at tax sale; | ||||||||||||||||||||||||
8 | reoffering for
sale. Except as otherwise provided below, the | ||||||||||||||||||||||||
9 | person purchasing any property,
or any part thereof, shall be | ||||||||||||||||||||||||
10 | liable to the county for the amount due and shall
forthwith pay | ||||||||||||||||||||||||
11 | to the county collector the amount charged on the property. | ||||||||||||||||||||||||
12 | Upon
failure to do so, the amount due shall be recoverable in a | ||||||||||||||||||||||||
13 | civil action brought
in the name of the People of the State of | ||||||||||||||||||||||||
14 | Illinois in any court of competent
jurisdiction. The person so | ||||||||||||||||||||||||
15 | purchasing shall be relieved of liability only by
payment of | ||||||||||||||||||||||||
16 | the amount due together with interest and costs thereon, or if | ||||||||||||||||||||||||
17 | the
property is reoffered at the sale, purchased and paid for. | ||||||||||||||||||||||||
18 | If the sale is conducted by an automated bidding system, then | ||||||||||||||||||||||||
19 | the collector must reoffer any unsold property at the end of | ||||||||||||||||||||||||
20 | the sale, otherwise, the reoffering Reoffering of the
property | ||||||||||||||||||||||||
21 | for sale shall be at the discretion of the collector. The sale | ||||||||||||||||||||||||
22 | shall
not be closed until payment is made or the property again | ||||||||||||||||||||||||
23 | offered for sale. In
counties with 3,000,000 or more |
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1 | inhabitants, only the taxes, special
assessments, interest and | ||||||
2 | costs as advertised in the sale shall be required to
be paid | ||||||
3 | forthwith. The general taxes charged on the land remaining due | ||||||
4 | and
unpaid, including amounts subject to certificates of error, | ||||||
5 | not included in the
advertisement, shall be paid by the | ||||||
6 | purchaser within 10 days after the sale,
except that upon | ||||||
7 | payment of the fee provided by law to the County Clerk (which
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8 | fee shall be deemed part of the costs of sale) the purchaser | ||||||
9 | may make written
application, within the 10 day period, to the | ||||||
10 | county clerk for a statement of
all taxes, interest and costs | ||||||
11 | due and an estimate of the cost of redemption of
all forfeited | ||||||
12 | general taxes, which were not included in the advertisement.
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13 | After obtaining such statement and estimate and an order on the | ||||||
14 | county
collector to receive the amount of forfeited general | ||||||
15 | taxes, if any, the
purchaser shall pay to the county collector | ||||||
16 | all the remaining taxes, interest
and costs, and the amount | ||||||
17 | necessary to redeem the forfeited general taxes. The
county | ||||||
18 | collector shall issue the purchaser a receipt therefor. Any | ||||||
19 | delay in
providing the statement or in accepting payment, and | ||||||
20 | delivering receipt
therefor, shall not be counted as a part of | ||||||
21 | the 10 days. When the receipt of
the collector is issued, a | ||||||
22 | copy shall be filed with the county clerk and the
county clerk | ||||||
23 | shall include the amount shown in such receipt in the amount of
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24 | the purchase price of the property in the certificate of | ||||||
25 | purchase. The
purchaser then shall be entitled to a certificate | ||||||
26 | of purchase. If a purchaser
fails to complete his or her |
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1 | purchase as provided in this Section, the purchase
shall become | ||||||
2 | void, and be of no effect, but the collector shall not refund | ||||||
3 | the
amount paid in cash at the time of the sale, except in | ||||||
4 | cases of sale in error.
That amount shall be treated as a | ||||||
5 | payment and distributed to the taxing bodies
as other | ||||||
6 | collections are distributed. The lien for taxes for the amount | ||||||
7 | paid
shall remain on the property, in favor of the purchaser, | ||||||
8 | his or her heirs or
assigns, until paid with 5% interest per | ||||||
9 | year on that amount from the date the
purchaser paid it. The | ||||||
10 | amount and fact of such ineffective purchase shall be
entered | ||||||
11 | in the tax judgment, sale, redemption and forfeiture record | ||||||
12 | opposite
the property upon which the lien remains. No | ||||||
13 | redemption shall be made without
payment of this amount for the | ||||||
14 | benefit of the purchaser, and no future sale of
the property | ||||||
15 | shall be made except subject to the lien of such purchaser. | ||||||
16 | This
section shall not apply to any purchase by any city, | ||||||
17 | village or incorporated
town in default of other bidders at any | ||||||
18 | sale for delinquent special
assessments.
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19 | (Source: P.A. 84-1308; 88-455.)
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20 | Section 99. Effective date. This Act takes effect upon | ||||||
21 | becoming law.
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