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state_legiscan_drain · IL

PROP TX-TAX SALE

February 6, 2026

Summary

If enacted, this bill would allow counties to acquire or sell tax delinquent property as trustees and give owners the right to recover lost surplus equity from tax deed auctions through indemnity. In counties with 3 million or more inhabitants, the redemption period would be extended to 3 years from the date of sale. This primarily affects property owners and county governments in Illinois.

Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3940&GAID=18&DocTypeID=SB&SessionID=114&GA=104

Common questions

What does "PROP TX-TAX SALE" cover?
If enacted, this bill would allow counties to acquire or sell tax delinquent property as trustees and give owners the right to recover lost surplus equity…
When was it published?
It was published on February 6, 2026.

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