Cook County Treasurer Maria Pappas sends certified notices informing homeowners that their unpaid taxes must be sold, which would create a lien on their properties. This is the first step in a process that can end in the loss of a home, business or country. In addition to mailings, the Treasury will publish lists of property taxes in the event of default in local newspapers. Properties offered at the annual sale are offered and sold “AS IS”. Only the PIN code of the package in question and NOT the usual postal address describe the default taxes offered for sale. There is no guarantee that the civic addresses or property classifications on the delinquency list are correct. The Treasurer`s Office assumes no implied or other responsibility for the accuracy of street addresses or property classifications, or for the legal status or physical condition of the real property. It is the responsibility of each buyer to exercise due diligence in determining the location, classification, type and condition of properties or improvements. ALL SALES ARE FINAL. Select a tab to get detailed lists of properties whose taxes are overdue for the 2020 tax year (payable in 2021) that are currently eligible for the annual tax sale on November 15, 2022.
CHICAGO, Oct. 5, 2022 /PRNewswire/ — The deadline for Cook County homeowners to avoid the annual tax sale is fast approaching. Properties with unpaid property taxes for 2020 (which were due in 2021) will be offered from November 15 to 18, 2022. The 2020 annual tax sale will be carried out in the form of an online sale on the Internet at www.cooktaxsale.com. Select the area, such as Municipality or Municipality, to view each list. After completing an ACH transaction, the list(s) can be downloaded. The annual sale includes Cook County properties that are eligible for sale due to overdue property taxes for the 2020 tax year (including, but not limited to, general property taxes, tax arrears, etc.) and/or late special assessments. Visit cookcountytreasurer.com and click on “Avoid Tax Sales” for more information and to see if your property is on the tax sales list. Under Illinois law, an annual tax sale is made 13 months after the due date. However, issues related to the pandemic delayed tax sales in 2018 and 2019. The 2018 tax sale took place in November 2021 and the 2019 tax sale took place last May. The full rules and regulations for holding the 2020 Annual Sale will be available on October 7, 2022 under www.cooktaxsale.com.
The annual tax sale is an annual late tax auction where a tax buyer can pay the penalty taxes due on a package. A landlord whose taxes have been sold can “refund” his taxes by paying the amount of the sale (plus interest) to the tax buyer to avoid the loss of property or property. The 2020 annual tax sale is scheduled to begin at 8:30 a.m. on November 15, 2022. The annual sale is carried out every day of the sales plan from 8:30 am to 5:00 pm. At the discretion of the tax sales supervisor, these timelines may be extended to accommodate tax buyers who place bids. Owners can avoid the tax sale by paying taxes and interest by default before the sale starts on November 15. Check if your taxes are late by visiting cookcountytreasurer.com. Use the box on the home page labeled “Avoid tax sales” to search for your home or other property by entering an index number or property address. Owners can also use the site to ensure they get the exemptions they are eligible for.
Exceptions include the homeowners` exemption, the seniors` exemption, and the seniors` freeze exemption. Cook County Treasurer Maria Pappas will conduct the annual sale of defaulted property taxes from May 12 to 18, 2022. This tax sale applies to default property taxes for the 2019 tax year due in two instalments in 2020. Currently, the portal does not reflect taxes that were sold or expire when the trap tax was sold. If you know or suspect that your default taxes were sold when the trap tax was sold, please call the clerk`s office to verify status. To learn more about this process, please click on one of the following links: Electronic default lists can be purchased online from October 7, 2022 at www.cooktaxsale.com via ACH debit to a checking or savings account for the following amounts: Registration for the annual tax sale begins on October 7, 2022. Registration is done online at www.cooktaxsale.com. You can register at any time between October 7, 2022 and November 4, 2022. Your registration must be completed online and the required deposit must be completed no later than the 4th. November 2022 at 5:00 p.m. (Chicago time) at the Cook County Treasurer`s Office. The properties are divided into Chicago Ward, Municipality, Township and Commissioner District.
The lists include: property index number (PIN), taxpayer name, real estate address, mailing address, amount of taxes due, property classification and whether invoices or tax notices have been returned. Approximately $175.6 million in unpaid property taxes in 2019 are overdue for 37,176 properties in Cook County. Properties include homes, businesses, and vacant lots in Chicago (17,709 properties) and the suburbs of Cook County (19,467 properties). Less than $1,000 is due for 19,350 properties. Check to see if the overdue taxes were sold or lost during the annual Cook County tax sale and if those taxes were then exchanged (paid). Share the following steps with your sphere to make sure it`s not affected by the tax sale: Under Illinois law, the Cook County Treasurer`s Office is required to auction off the defaulting taxes, not the property itself. For people who don`t have access to a computer: More than $226 million is owed for 55,857 homes, businesses and land. Less than $1,000 is owed for 14,189 properties in Chicago and 7,162 properties in a Suburb of Cook County.
The owners of these properties received notices by registered mail informing them that their unpaid taxes would be auctioned, which would create a lien on their properties.