Public Act 123
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 three years delinquent will be foreclosed and the property will be sold at public auction. For example, people who fail to pay their 2016 delinquent property taxes will lose their property to foreclosure in March, 2019.
Property owners who have multiple tax years owing will have to pay all tax years through the year in forfeiture (2016 is the most recent year forfeited) by March, 2019 to avoid losing their property.
Property owners face higher interest and fees for not paying their taxes. Taxes that remain delinquent for more than 1 year are placed into Forfeiture, and will have a substantially higher interest rate (1.5% per month, as opposed to the current 1%). When a property goes into Forfeiture, taxes will also have $354 in forfeiture fees added to them.
The County Treasurer accepts partial payments on delinquent property taxes. If you have difficulty paying your tax bill in full, making partial payments may help you to avoid forfeiture and foreclosure.
Pay your delinquent taxes now! Foreclosure is final!