Bill Text: IL HB0212 | 2009-2010 | 96th General Assembly | Enrolled
Bill Title: Amends the Property Tax Code. In a Section concerning deposits for redemption, provides that the deposit shall include, if a petition for tax deed has been filed, all fees paid to a registered title insurance company or title insurance agent for a title search.
Spectrum: Bipartisan Bill
Status: (Passed) 2009-08-11 - Public Act . . . . . . . . . 96-0231 [HB0212 Detail]
Download: Illinois-2009-HB0212-Enrolled.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||
5 | Section 21-355 as follows:
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6 | (35 ILCS 200/21-355)
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7 | Sec. 21-355. Amount of redemption. Any person desiring to | ||||||
8 | redeem shall
deposit an amount specified in this Section with | ||||||
9 | the county clerk of the
county in which the property is | ||||||
10 | situated,
in legal money of the United States, or by cashier's | ||||||
11 | check, certified check,
post office money order or money order | ||||||
12 | issued by a financial institution
insured by an agency or | ||||||
13 | instrumentality of the United States, payable to the
county | ||||||
14 | clerk of the proper county. The deposit shall be deemed timely | ||||||
15 | only
if actually received in person at the county clerk's | ||||||
16 | office prior to the close
of business as defined in Section | ||||||
17 | 3-2007 of the Counties Code on or before the
expiration of the | ||||||
18 | period of redemption or by United
States mail with a post | ||||||
19 | office cancellation mark dated not less than one day
prior to | ||||||
20 | the expiration of the period of redemption. The deposit shall
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21 | be
in an amount equal to the total of the
following:
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22 | (a) the certificate amount, which shall include all tax | ||||||
23 | principal,
special assessments, interest and penalties |
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1 | paid by the tax purchaser together
with costs and fees of | ||||||
2 | sale and fees paid under Sections 21-295 and 21-315
through | ||||||
3 | 21-335;
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4 | (b) the accrued penalty, computed through the date of | ||||||
5 | redemption as a
percentage of the certificate amount, as | ||||||
6 | follows:
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7 | (1) if the redemption occurs on or before the | ||||||
8 | expiration of 6 months
from the date of sale, the | ||||||
9 | certificate amount times the penalty bid at sale;
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10 | (2) if the redemption occurs after 6 months from | ||||||
11 | the date of sale,
and on or before the expiration of 12 | ||||||
12 | months from the date of sale, the
certificate amount | ||||||
13 | times 2 times the penalty bid at sale;
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14 | (3) if the redemption occurs after 12 months from | ||||||
15 | the date of sale
and on or before the expiration of 18 | ||||||
16 | months from the date of sale, the
certificate amount | ||||||
17 | times 3 times the penalty bid at sale;
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18 | (4) if the redemption occurs after 18 months from | ||||||
19 | the date
of sale and on or before the expiration of 24 | ||||||
20 | months from the date of sale,
the certificate amount | ||||||
21 | times 4 times the penalty bid at sale;
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22 | (5) if the redemption occurs after 24 months from | ||||||
23 | the date of sale
and on or before the expiration of 30 | ||||||
24 | months from the date of sale, the
certificate amount | ||||||
25 | times 5 times the penalty bid at sale;
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26 | (6) if the redemption occurs after 30 months from |
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1 | the date of sale
and on or before the expiration of 36 | ||||||
2 | months from the date of sale, the
certificate amount | ||||||
3 | times 6 times the penalty bid at sale.
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4 | In the event that the property to be redeemed has | ||||||
5 | been purchased
under Section 21-405, the penalty bid | ||||||
6 | shall be 12% per penalty
period as set forth in | ||||||
7 | subparagraphs (1) through (6) of this subsection (b).
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8 | The changes to this subdivision (b)(6) made by this | ||||||
9 | amendatory Act of the
91st General Assembly are not a | ||||||
10 | new enactment, but declaratory of existing
law.
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11 | (c) The total of all taxes, special assessments, | ||||||
12 | accrued interest on those
taxes and special assessments and | ||||||
13 | costs charged in connection with the payment
of those taxes | ||||||
14 | or special assessments, which have been paid by the tax
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15 | certificate holder on or after the date those taxes or | ||||||
16 | special assessments
became delinquent together with 12% | ||||||
17 | penalty on each amount so paid for each
year or portion | ||||||
18 | thereof intervening between the date of that payment and | ||||||
19 | the
date of redemption.
In counties with less than | ||||||
20 | 3,000,000 inhabitants, however, a tax certificate
holder | ||||||
21 | may not pay
all or part of an installment of a subsequent | ||||||
22 | tax or special assessment for any
year, nor shall any
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23 | tender of such a payment be accepted, until after the | ||||||
24 | second or final
installment
of the subsequent tax or | ||||||
25 | special assessment has become delinquent
or until after the
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26 | holder of the certificate of purchase has filed a petition |
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1 | for a tax deed under
Section 22.30.
The person
redeeming | ||||||
2 | shall also pay the amount of interest charged on the | ||||||
3 | subsequent tax
or special assessment and paid as a penalty | ||||||
4 | by the tax certificate holder.
This amendatory Act of
1995 | ||||||
5 | applies to tax years beginning with the 1995 taxes, payable | ||||||
6 | in 1996, and
thereafter.
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7 | (d) Any amount paid to redeem a forfeiture occurring | ||||||
8 | subsequent to the
tax sale together with 12% penalty | ||||||
9 | thereon for each year or portion thereof
intervening | ||||||
10 | between the date of the forfeiture redemption and the date | ||||||
11 | of
redemption from the sale.
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12 | (e) Any amount paid by the certificate holder for | ||||||
13 | redemption of a
subsequently occurring tax sale.
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14 | (f) All fees paid to the county clerk under Section | ||||||
15 | 22-5.
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16 | (g) All fees paid to the registrar of titles incident | ||||||
17 | to registering
the tax certificate in compliance with the | ||||||
18 | Registered Titles (Torrens) Act.
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19 | (h) All fees paid to the circuit clerk and the sheriff, | ||||||
20 | a licensed or registered private detective, or the
coroner | ||||||
21 | in connection with the filing of the petition for tax deed | ||||||
22 | and
service of notices under Sections 22-15 through 22-30 | ||||||
23 | and 22-40 in addition to
(1) a fee of $35 if a petition for | ||||||
24 | tax deed has been filed, which fee shall
be posted to the | ||||||
25 | tax judgement, sale, redemption, and forfeiture record, to | ||||||
26 | be
paid to the purchaser or his or her assignee; (2) a fee |
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1 | of $4 if a notice under
Section 22-5 has been filed, which | ||||||
2 | fee shall be posted
to the tax judgment, sale, redemption, | ||||||
3 | and forfeiture record, to be paid to
the purchaser or his | ||||||
4 | or her assignee; and (3) all costs paid to record a
lis | ||||||
5 | pendens notice in connection with filing a petition under | ||||||
6 | this Code ; and (4) if a petition for tax deed has been | ||||||
7 | filed, all fees paid to a registered or licensed title | ||||||
8 | insurance company or title insurance agent for a title | ||||||
9 | search to identify all owners, parties interested, and | ||||||
10 | occupants of the property, to be paid to the purchaser or | ||||||
11 | his or her assignee .
The fees in (1) and (2) of this | ||||||
12 | paragraph (h) shall be exempt from the posting
requirements | ||||||
13 | of Section 21-360. The costs incurred in causing notices to | ||||||
14 | be served by a licensed or registered private detective | ||||||
15 | under Section 22-15, may not exceed the amount that the | ||||||
16 | sheriff would be authorized by law to charge if those | ||||||
17 | notices had been served by the sheriff.
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18 | (i) All fees paid for publication of notice of the tax | ||||||
19 | sale in
accordance with Section 22-20.
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20 | (j) All sums paid to any city, village or incorporated | ||||||
21 | town for
reimbursement under Section 22-35.
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22 | (k) All costs and expenses of receivership under | ||||||
23 | Section 21-410, to the
extent that these costs and expenses | ||||||
24 | exceed any income from the property in
question, if the | ||||||
25 | costs and expenditures have been approved by the court
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26 | appointing the receiver and a certified copy of the order |
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1 | or approval is filed
and posted by the certificate holder | ||||||
2 | with the county clerk. Only actual costs
expended may be | ||||||
3 | posted on the tax judgment, sale, redemption and forfeiture
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4 | record.
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5 | (Source: P.A. 95-195, eff. 1-1-08.)
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