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Rock Island County IL – Tax Lien Auction

December 31, 2024 @ 9:00 am - 5:00 pm

Rock Island County Tax Sale Information

Rock Island County will hold its Annual Delinquent Property Tax Sale on December 31, 2024. The auction will take place in the County Board Room on the Third Floor of the Rock Island  County Office Building, located at 1504 Third Avenue, Rock Island, Illinois. Registration for tax buyers is required in advance, with the auction officially starting at approximately 9:00 AM.

Key Auction Details:

Date: December 31, 2024
Location: County Board Room, Third Floor, County Office Building,1504 Third Avenue, Rock Island, IL
Time: 9:00 AM

Terms of Sale:

Publication Costs: A $10 publication fee is applied to the property taxes owed, along with any interest accrued.

Additional Fees:

  • Miscellaneous Fees: $94
  • Redemption Certificate Fee: $160
  • Clerk Fee: $4
  • Automation Fund Fee: $10
  • Collector’s Tax Fee Fund: $60
  • Indemnity Fund Fee: $20
  • Interest Rate: Bid interest rate between 0% and 18% (lowest rate wins bid)

Payment Methods: Cash, cashier’s check, certified check, or money order made payable to the Rock Island County Clerk. Full payment is required; partial payments are not accepted.

How to Participate:

Register: Tax buyers must register in the Treasurer’s Office approximately 90 days before the sale begins and no later than ten business days before the sale. Requirements include name, address, contact information, Tax ID or SSN, and a completed Tax Sale Registration Form.

Bidding Process: The auction is based on the interest rate bid, where tax buyers bid the lowest interest rate (from 0% to 18%) they will accept on the tax lien. The tax buyer with the lowest bid wins.

Eligibility: Tax buyers must disclose if they are “related bidding entities” (up to 3 allowed per entity) and cannot have more than three registered bidders simultaneously.

Links you might need for the Rock Island County, Illinois, Tax Lien Auction:

The Rock Island County tax sale offers a structured opportunity to acquire liens on delinquent properties at competitive rates. This process benefits local taxing entities by covering unpaid taxes, while tax buyers can potentially earn returns through interest. However, all participants should conduct due diligence on properties and understand redemption terms thoroughly to maximize benefits.

This tax sale is ideal for investors looking to diversify into property liens, with a straightforward bidding system based on interest rate competition. For full details and a list of delinquent properties, please visit the official Rock Island County website or contact the Treasurer’s Office.

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