SOME IMPORTANT

INFORMATION FOR PROPERTY OWNERS 

Public Act 123 of 1999 shortens the amount of time property owners have to pay their delinquent taxes before losing their property.  Property owners with taxes that are two (2) years delinquent will be foreclosed and the property will be sold at public auction.  For example, people who fail to pay their 2005 delinquent property taxes will lose their property to foreclosure in March, 2008.

With this new act, the amount of time to pay taxes has been reduced from approximately five (5) years to approximately two (2) years. 

 Property owners face higher interest and fees for not paying their taxes.  Taxes that are delinquent for more than one (1) year will have a substantially higher interest rate (1.5% per month, as opposed to the current 1%).  A $175 forfeiture fee and any additional administrative fees will also be added.  Pay your delinquent taxes now!Foreclosure is final!