Redemptions

Redemptions

JEM Main Contact: Travis Riggs 

Statute: 35 ILCS 200/21-345

Property tax redemption allows owners to reclaim property after delinquent taxes are sold by paying the full amount owed (taxes, interest, fees) to the County Clerk, typically within - one to two-and-a-half years for homes (up to 3 years if extended by the buyer), preventing a tax deed.

County Collector Procedures:

1. You will receive report(s) from your county clerk plus check(s) for real estate and mobile home (if sold in your county) redemptions. The timing of this process varies from county to county. The recommended minimum is monthly.  
2. It is important to track all redemptions that are received. Spreadsheets are helpful with this step.
   Click here to see an example of a Trustee Redemption Spreadsheet
   Click here to see an example of a Trustee Redemption Tracking Spreadsheet
3. Deposit check(s) into the appropriate bank account.  
4. Enter the parcel adjustments in tax collection software when ready to distribute the funds.
   

JEM Procedures:

JEM redemption procedures are completed with the assistance of the county clerk’s office.

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