Illinois Tax Sale System Faces Legal Reckoning as Supreme Court Ruling Sparks Calls for Reform
Illinois homeowners are facing significant challenges amid a legal upheaval that has emerged after a recent U.S. Supreme Court ruling deemed certain practices surrounding property tax sales unconstitutional. The ruling, which took effect in 2023, has cast a spotlight on a system that has allowed private investors to claim equity from homeowners who fall behind on their property taxes, raising concerns about the financial ramifications for counties. For many years, county treasurers across Illinois could collect unpaid property taxes by selling the debts to private entities. Homeowners who failed to pay back these debts could … Read more