IL

Sale type

35 ILCS 200/21-355 (certificate amount / tax purchaser)

“the certificate amount, which shall include all tax principal, special assessments, interest and penalties paid by the tax purchaser together with costs and fees of sale”

Redemption

35 ILCS 200/21-350

“Property sold under this Code may be redeemed at any time before the expiration of 2.5 years from the date of sale”

Interest

35 ILCS 200/21-215

“No bid shall be accepted for a penalty exceeding 9% of the amount of the tax or special assessment on property.”

Bid method

35 ILCS 200/21-215

“The person at the sale offering to pay the amount due on each property for the least penalty percentage shall be the purchaser of that property.”

Sale timing

35 ILCS 200/21-150 (application for judgment within 90 days after second installment due date)

“in any county with fewer than 3,000,000 inhabitants, all applications for judgment and order of sale for taxes and special assessments on delinquent properties shall be made within 90 days after the second installment due date”