Tax Sales

What is a Tax Sale?

  • By Illinois State Statutes (35ILCS200) the county collector/treasurer is required to sell any taxes that have not been paid in full for the current tax year.
  • We do not sell the house. We sell only the unpaid taxes.
  • All registered tax buyers and their appointed representatives at the tax sale must be 18 years of age or older at the time of registration.
  • At the sale, a tax buyer pays/buys the taxes, then the county collector distributes the money from the sale to each of the taxing bodies to make them whole.
  • After the sale is completed the homeowner of record deals directly with the Lake County Clerk's Office for the redemption.
  • If taxes are not redeemed in 2 years (vacant property) or 2.5 years (house), the homeowner could lose the property.
  • The longer time between the sale and redemption, the higher the penalty is likely to be.
  • Hopefully, this sheds a little light on the tax sale process. If you have questions or concerns, please call the Treasurer's Office at 847-377-2323.