SB2083

SB2083 amends the Property Tax Code to ensure property owners receive indemnity for losses due to tax deed issuance.

SB2083 amends the Property Tax Code to provide that property owners who sustain loss or damage due to the issuance of a tax deed are entitled to indemnity payments. The indemnity is limited to the fair cash value of the property, reduced by any mortgages or liens. Owners must file a petition within 10 years of the tax deed issuance. The court can order additional indemnity to cover personal liability to mortgagees or lienholders. The bill also allows the court to join third parties liable for the owner's claim.