Update August 15th, 2023
This Bill has now been signed into law. For more information, please click on following link:
Pritzker Signs Bill Designed to Revamp Property Tax Sale System That Fueled ‘Urban Decay’
Update June 2, 2023
Legislation designed to revamp Cook County’s property tax scavenger sale system is headed to Gov. J.B. Pritzker’s desk after passing the General Assembly.
For more information, please click here.
A recent article from LoopNorth discusses a study by Cook County (IL) Treasurer Maria Pappas on the Land Bank’s Scavenger Sale program.
“Pappas urged the Illinois General Assembly, which originally authorized the Scavenger Sale back in 1939, to come up with revised, innovative solutions for restoring such properties to the tax rolls.”
81 years old! Clearly time for an update!
To view the article discussing the study along with a series of recommendations, please click here.
To view the Treasurer’s Press Release, please click here.
To view the study, please click here.