Tax Sale Information
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Delinquent Tax Publication Information
Letter to Prospective Tax Buyers
Prospective tax sale buyers need to download, complete, and submit the following forms:
| Registration Form |
In order to participate in the annual delinquent tax sale as a tax investor, please read the following:
Q: What it is date and time of your tax sale?
A: Tax sale is usually held in November. This year's tax sale will begin November 4, 2009. This date may fluctuate from tax year to tax year. The tax sale usually lasts three days.
A: The Tax sale is held one time per year.
A: The bids start at 18%. The lowest bid is accepted. The bid is a 6 month interest rate.
Q: What type of document is issued at the tax sale?
A: Tax sale certificates are issued at the time of payment.
Q: What happens to the parcels that are not sold at
the tax sale? May they be purchased from the county?
A: All unpaid taxes are sold at the annual tax sale. All taxes which are not purchased by tax buyers are sold to the Will County Trustee, Joseph Meyer. Contact the Trustee's Office for assignment purchases. 1-800-248-2850.
Q: Do you allow investors to participate in the tax
sale without attending the sale via mail, telephone or FAX?
A: No.
Q: May I send a representative to the sale to bid
for me?
A: Yes, all bidders must be listed on the registration letter.
A. The county holds an auction each year which is part of the Delinquent Real Estate Tax Liquidation Program. The next auction will be held August 5, 2009.
The purpose of the Delinquent Real Estate Tax Liquidation Program is to collect delinquent real estate taxes for the benefit of all taxing districts and to restore tax delinquent property to tax paying status.
This program has generated over $5.7 million in delinquent tax redemptions and auction proceeds.
| Parcels | Real Estate Tax | Interest & Costs | Total | |
|
Redemption of Delinquent Taxes |
2,505 | $1,800,500 | $1,364,700 | $3,165,200 |
| Public Auction | 2,424 | $1,089,000 | $1,753,700 | $2,842,700 |
| Total | 4,929 | $2,889,500 | $3,118,400 | $6,007,900 |
If taxes are not redeemed within 2½ years, the county takes deed to the property. The property is then offered for sale at a public auction held once a year.
This program benefits all the taxpayers and the taxing districts of Will County by returning these parcels to productivity and beautification while at the same time returning them to an active status on the tax rolls.