Delinquent Taxes

Public Act 123 of 1999 shortens the amount of time property owners have to pay their delinquent taxes before losing their property. Property owners with taxes that are two years delinquent will be foreclosed and the property will be sold at public auction.

For example, people who fail to pay their 1999 delinquent property taxes will lose their property to foreclose in March, 2002.

With this new act, the amount of time to pay taxes has been reduced from approximately five years to approximately two years. Property owners who have multiple tax years owing may have to pay as many as three years by March, 2002 to avoid losing their property.

Property owners face higher interest and fees for not paying their taxes. Taxes that are delinquent for more than one year will have a substantially higher interest rate (1.5% per month, as opposed to the current 1%). After one year, taxes will have a $175 forfeiture fee and additional administrative fees added to them.

Public Act 123 Questions and Answers

Property Foreclosure Time Line