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Committee flags tax-sale court ruling that may return equity to homeowners; routine surrender of certificate approved
Summary
LaSalle County treasurer and committee members discussed a recent court judgment that could alter tax-sale outcomes and return equity to homeowners; the committee approved a resolution surrendering a tax-sale certificate for a Brookfield Township parcel and asked staff to monitor the ruling's county-level impact.
Treasurer Jim told the Taxes, Election & GIS Committee that he expects a review at the IAECO conference in March after a court judgment raised questions about how tax-sale proceeds and homeowner equity are handled. Committee members expressed concern that the judgment could require tax buyers to return gains to former…
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