Illinois

 

Sale Date Depends on a county
Applicable Law CH 35, Title 7
Bid System Bid Down
Statutory Interest Rate 18% (12% for forefeited properties)
Redemption Period (Months) 36
Interest Accrues Every 6 months
Premium allowed? No
Can pay subs? Yes
Interest Rate for Subs 12%
Non Refundable Fees

Title Search Fee

County Recording Fee
Refundable Fees

Automation Fee

Clerk Filing Fee

Notice Serving Fee

Frequency of Property Taxes

June 1, September 1

* Cook county and some others:

March 1 and Aug 1.

Others may use Quarterly Schedule

Tax Lien Expiration 1 year after redemption period