#Sangamon county parcel search how to#
#Sangamon county parcel search registration#
#Sangamon county parcel search plus#

The interest rate continues to drop until no one else bids. You know if you win the auction, you must pay the county treasurer $2,500.Д«idding starts at 18 percent.

#Sangamon county parcel search plus#

The past due taxes plus the premiums added by the county come to $2,500. HereвЂ™s an example to help you understand this.ДЄ state tax lien on a house in Chicago goes on the auction block. Bidders drive down the interest rate until no one else is willing to bid a lower return. The interest rate starts at 18 percent per six month period. The price for the property is set and does not change. When youвЂ™re buying Illinois tax liens, note that Illinois has a вЂњbid downвЂќ auction.

#Sangamon county parcel search how to#

Tax defaulted property auctions can happen at any time during the year in Illinois.Д®ach county treasurer website will also tell you how to pay for any winning bids. If you donвЂ™t go to the auction, you forfeit the deposit.Д®ach county sets the date for its tax defaulted property auction. The fee will be refunded if you attend the auction but donвЂ™t buy anything.

#Sangamon county parcel search registration#

Sangamon County has a $200 registration fee. But you have to be at the auction to get your money back. Knox County requires a $50 deposit, refunded if you donвЂ™t win anything at the auction.

You can read all the rules for the Adams County tax defaulted property auction here. Adams County holds in-person auctions so you or your representative has to attend the auction. You also have to fill out an IRS form W-9. If you do not win anything in the auction, you get this money back. Here are examples of some county-specific rules:ДЄdams County requires a refundable $300 deposit. Most counties require registration be turned in at least 10 days before the auction if youвЂ™re buying Illinois tax liens. You have to know the rules in the county where you want to invest. Know the Auction RulesД®very county has different auction rules.

Each county decides when to hold its auction. If you pick a county and no auction is scheduled, go to another county. We will then send you a list when they become available.вЂќ The website says, вЂњLists are available for a $75.00 prepaid fee. Some counties, like DeKalb County sell the list of properties scheduled for auction. Look for the tax collector or county treasurer for more information on tax lien properties. Pick a county and find that countyвЂ™s website. Some of the county tax offices post notices of their auction on their own website. The Illinois Press Association has Public Notice Illinois where all the tax defaulted property auction announcements are published. If there is no newspaper published in the township or road district, then the notice shall be published in some newspaper in the same county as the township or road district, to be selected by the county collector,вЂќ states Illinois law Chapter 35, section 21-110. вЂњhe advertisement shall be in a newspaper published in the township or road district in which the properties are located. All tax defaulted property auctions have to be advertised in the local newspaper. You can find the next auction in several places. Then find when the next tax defaulted property auction is scheduled. Tax lien properties are auctioned off in each of IllinoisвЂ™ 102 counties. If the owner does not pay you, then you can foreclose and own the property.

A property is redeemed when the owner pays you for everything you spent at the auction, plus the interest. More than 95 percent of tax liens are redeemed. If you win the auction for the tax lien properties, you get a tax lien certificate when all the paperwork is finished. The lien is sold at a tax defaulted property auction. You can earn as much as 18 percent interest every six months (36% annually). You are buying the right to collect the past due property taxes plus interest. In Illinois, a tax lien auction is your chance to invest to make big profits. Illinois sells property tax liens at public auctions, and you can start Buying Illinois Tax Liens and make big profits if you know the rules and do your homework.