Politics & Government
Cook County Plans To Sell 37,000 Properties With Delinquent Tax Bills
More than 37,000 properties will be part of Cook County's Tax Sale running from May 12 through May 18. Find out how to avoid the tax sale.
CHICAGO — Delinquent property taxes owed on thousands of properties in Chicago and suburban Cook County are about to be sold in the county's annual Tax Sale, many in minority communities. Unfortunately, many residents may be unaware that their property is eligible for the annual tax sale.
Cook County Treasurer Maria Pappas will conduct the annual sale of delinquent property taxes from May 12 through May 18, 2022. This Tax Sale is for delinquent property taxes from Tax Year 2019, which were due in two installments in 2020.
Approximately $175.6 million in unpaid 2019 property taxes are overdue on 37,176 properties in Cook County. The properties include homes, businesses and vacant land throughout Chicago (17,709 properties) and Cook County suburbs (19,467 properties). Less than $1,000 is owed on 19,350 properties.
Find out what's happening in Chicagofor free with the latest updates from Patch.
In Illinois, a tax lien auction allows investors to purchase delinquent taxes owed on a property. Investors buy the right to collect the past due property taxes plus interest. For example, investors can earn as much as 18 percent interest every six months (36 percent). Investors aren’t buying the actual property, but the lien the government places on the property, which may make it difficult for owners to sell or pass the property on to heirs.
The Cook County Treasurer’s Office sent notices to these owners via certified mail informing them that their unpaid taxes are to be auctioned, which would put a lien against their properties. However, the U.S. Postal Service has returned nearly 15,000 bills and subsequent notices.
Find out what's happening in Chicagofor free with the latest updates from Patch.
“Many residents may be unaware that their property is eligible for the tax sale,” Pappas said. “The majority of the taxes offered are for properties in minority communities. I started ‘Black and Latino Houses Matter’ to help homeowners find refunds and apply for tax exemptions.”
How To Get Your Property Off The Tax Sale List:
- Log on to cookcountytreasurer.com
- Search for your home or other property by entering your Property Index Number, which can be found on your deed or tax bill.
- If you can’t find your PIN, visit the country treasurer’s website and enter your property address, to find your property’s PIN.
- Pay any delinquent taxes and interest before May 12
Under Illinois law, the Cook County Treasurer’s Office is required to put delinquent taxes, not the property itself, up for auction. Visit the country treasurer’s website and click on “Avoid the Tax Sale” for more information and to see if your property is on the Tax Sale list.
Find City of Chicago tax delinquent properties by ward here.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.