103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4974

 

Introduced 2/8/2024, by Rep. Steven Reick

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/21-355

    Amends the Property Tax Code. Permits attorney's fees of up to $900 to be added to the cost to redeem. Effective immediately.


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A BILL FOR

 

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1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 21-355 as follows:
 
6    (35 ILCS 200/21-355)
7    Sec. 21-355. Amount of redemption. Any person desiring to
8redeem shall deposit an amount specified in this Section with
9the county clerk of the county in which the property is
10situated, in legal money of the United States, or by cashier's
11check, certified check, post office money order or money order
12issued by a financial institution insured by an agency or
13instrumentality of the United States, payable to the county
14clerk of the proper county. The deposit shall be deemed timely
15only if actually received in person at the county clerk's
16office prior to the close of business as defined in Section
173-2007 of the Counties Code on or before the expiration of the
18period of redemption or by United States mail with a post
19office cancellation mark dated not less than one day prior to
20the expiration of the period of redemption. The deposit shall
21be in an amount equal to the total of the following:
22        (a) the certificate amount, which shall include all
23    tax principal, special assessments, interest and penalties

 

 

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1    paid by the tax purchaser together with costs and fees of
2    sale and fees paid under Sections 21-295 and 21-315
3    through 21-335, except for the nonrefundable $80 fee paid,
4    pursuant to Section 21-295, for each item purchased at the
5    tax sale;
6        (b) the accrued penalty, computed through the date of
7    redemption as a percentage of the certificate amount, as
8    follows:
9            (1) if the redemption occurs on or before the
10        expiration of 6 months from the date of sale, the
11        certificate amount times the penalty bid at sale;
12            (2) if the redemption occurs after 6 months from
13        the date of sale, and on or before the expiration of 12
14        months from the date of sale, the certificate amount
15        times 2 times the penalty bid at sale;
16            (3) if the redemption occurs after 12 months from
17        the date of sale and on or before the expiration of 18
18        months from the date of sale, the certificate amount
19        times 3 times the penalty bid at sale;
20            (4) if the redemption occurs after 18 months from
21        the date of sale and on or before the expiration of 24
22        months from the date of sale, the certificate amount
23        times 4 times the penalty bid at sale;
24            (5) if the redemption occurs after 24 months from
25        the date of sale and on or before the expiration of 30
26        months from the date of sale, the certificate amount

 

 

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1        times 5 times the penalty bid at sale;
2            (6) if the redemption occurs after 30 months from
3        the date of sale and on or before the expiration of 36
4        months from the date of sale, the certificate amount
5        times 6 times the penalty bid at sale.
6        In the event that the property to be redeemed has been
7    purchased under Section 21-405 before January 1, 2024, the
8    penalty bid shall be 12% per penalty period as set forth in
9    subparagraphs (1) through (6) of this subsection (b). The
10    changes to this subdivision (b)(6) made by this amendatory
11    Act of the 91st General Assembly are not a new enactment,
12    but declaratory of existing law.
13        If the property to be redeemed is property with
14    respect to which a tax lien or certificate is acquired on
15    or after January 1, 2024 by the county as trustee pursuant
16    to Section 21-90, the penalty bid is 0.75% and shall
17    accrue monthly instead of according to the penalty periods
18    established in subparagraphs (1) through (6) of this
19    subsection (b).
20        (c) The total of all taxes, special assessments,
21    accrued interest on those taxes and special assessments
22    and costs charged in connection with the payment of those
23    taxes or special assessments, except for the nonrefundable
24    $80 fee paid, pursuant to Section 21-295, for each item
25    purchased at the tax sale, which have been paid by the tax
26    certificate holder on or after the date those taxes or

 

 

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1    special assessments became delinquent together with 12%
2    penalty on each amount so paid for each year or portion
3    thereof intervening between the date of that payment and
4    the date of redemption. In counties with less than
5    3,000,000 inhabitants, however, a tax certificate holder
6    may not pay all or part of an installment of a subsequent
7    tax or special assessment for any year, nor shall any
8    tender of such a payment be accepted, until after the
9    second or final installment of the subsequent tax or
10    special assessment has become delinquent or until after
11    the holder of the certificate of purchase has filed a
12    petition for a tax deed under Section 22.30. The person
13    redeeming shall also pay the amount of interest charged on
14    the subsequent tax or special assessment and paid as a
15    penalty by the tax certificate holder. This amendatory Act
16    of 1995 applies to tax years beginning with the 1995
17    taxes, payable in 1996, and thereafter.
18        (d) Any amount paid to redeem a forfeiture occurring
19    before January 1, 2024 but after the tax sale together
20    with 12% penalty thereon for each year or portion thereof
21    intervening between the date of the forfeiture redemption
22    and the date of redemption from the sale.
23        (e) Any amount paid by the certificate holder for
24    redemption of a subsequently occurring tax sale, including
25    tax liens or certificates held by the county as trustee,
26    pursuant to Section 21-90.

 

 

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1        (f) All fees paid to the county clerk under Section
2    22-5.
3        (g) All fees paid to the registrar of titles incident
4    to registering the tax certificate in compliance with the
5    Registered Titles (Torrens) Act.
6        (h) All fees paid to the circuit clerk and the
7    sheriff, a licensed or registered private detective, or
8    the coroner in connection with the filing of the petition
9    for tax deed and service of notices under Sections 22-15
10    through 22-30 and 22-40 in addition to (1) a fee of $35 if
11    a petition for tax deed has been filed, which fee shall be
12    posted to the tax judgement, sale, redemption, and
13    forfeiture record, to be paid to the purchaser or his or
14    her assignee; (2) a fee of $4 if a notice under Section
15    22-5 has been filed, which fee shall be posted to the tax
16    judgment, sale, redemption, and forfeiture record, to be
17    paid to the purchaser or his or her assignee; (3) all costs
18    paid to record a lis pendens notice in connection with
19    filing a petition under this Code; and (4) if a petition
20    for tax deed has been filed, all fees up to $150 per
21    redemption paid to a registered or licensed title
22    insurance company or title insurance agent for a title
23    search to identify all owners, parties interested, and
24    occupants of the property, to be paid to the purchaser or
25    his or her assignee; and (5) if a petition for tax deed has
26    been filed, attorney's fees of up to $900. The fees in (1)

 

 

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1    and (2) of this paragraph (h) shall be exempt from the
2    posting requirements of Section 21-360. The costs incurred
3    in causing notices to be served by a licensed or
4    registered private detective under Section 22-15, may not
5    exceed the amount that the sheriff would be authorized by
6    law to charge if those notices had been served by the
7    sheriff.
8        (i) All fees paid for publication of notice of the tax
9    sale in accordance with Section 22-20.
10        (j) All sums paid to any county, city, village or
11    incorporated town for reimbursement under Section 22-35.
12        (k) All costs and expenses of receivership under
13    Section 21-410, to the extent that these costs and
14    expenses exceed any income from the property in question,
15    if the costs and expenditures have been approved by the
16    court appointing the receiver and a certified copy of the
17    order or approval is filed and posted by the certificate
18    holder with the county clerk. Only actual costs expended
19    may be posted on the tax judgment, sale, redemption and
20    forfeiture record.
21(Source: P.A. 103-555, eff. 1-1-24.)
 
22    Section 99. Effective date. This Act takes effect upon
23becoming law.