SB3939

SB3939 amends tax sale procedures, automation fees, and surplus distribution for property tax sales in Illinois.

SB3939 introduces changes to the process and fees associated with property tax sales in Illinois. It mandates an automation fee of $10 for each property purchased at a tax sale, with an additional $10 fee for each year that taxes remain unpaid. For tax years starting in 2027, the tax lien or certificate for all delinquent property will be assigned to the county as trustee. The bill also outlines procedures for surplus funds from property sales, requiring the county to return surplus funds to interested parties or report them to the Illinois Treasurer for unclaimed property handling.