Illinois bill aims to delay 2024 tax sales, protect homeowners’ equity – Center Square

State Sen. Jil Tracy said Senate Bill 4177 is intended as a temporary step while broader reforms are considered following the high court’s decision in Tyler v. Hennepin County. “That Supreme Court case says you can’t take away somebody’s homeowner’s equity like we do in our tax claim sales in Illinois,” Tracy said. “We’re one of the few that hasn’t changed the law since that Supreme Court case came out.”
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But i'm a good billionaire
4 months ago

Taxes are so damn high there is NO equity

Isn’t Illinois Fun?
4 months ago

Transfer taxes on the sale of a home that paid its property taxes all along are another way of seizing equity. What value does the seller or buyer gain from this confiscation of equity. None. What value did the town bring to the table in return for this tax? None. Just a money grab. Why is this legal?

David F
4 months ago

Since when has Illinois followed the Rulings of the Supreme Court?
PICA for one is COMPLETELY unconstitutional!

Deb
4 months ago

Taxwinkle would have a fit!

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