White County, Illinois, organizes an annual Delinquent Property Tax Sale to recover unpaid property taxes. This event provides an opportunity for investors to bid on delinquent taxes, which may eventually lead to property ownership if redemption requirements are not met. Here’s a detailed look at how the county conducts this process:

 

The Tax Sale Process

Sale Schedule and Location:

  1. The sale is typically held annually. Check out our Auction Calendar for scheduled auctions. The auction takes place at the White County Annex Building, located at 323 E. Main St., Carmi, IL.
  2. Bidding and Purchases: Participants bid on delinquent taxes, not the properties themselves. The winning bid represents the interest rate the investor will earn if the taxes are redeemed by the property owner. All properties sold are subject to Illinois’ statutory redemption period, during which the property owner can pay the owed taxes, interest, and fees to retain ownership.

Registration and Participation

Registration: Prospective bidders must submit a completed Tax Buyer Registration Form to the White County Treasurer’s Office at least 10 days prior to the sale. A $50.00 deposit is required with registration. This amount applies to any purchases made or is refundable if no taxes are bought. However, it is forfeited if the registrant fails to attend. Obtaining the Property List: The county provides a list of available properties 30 days before the sale. Access requires a prepaid $50.00 fee. In-Person Attendance: Physical presence at the sale is mandatory for participation.

Terms and Conditions

  • The county sells properties “as-is” without guaranteeing liens or ownership status.
  • The county’s tax agent, Joseph E. Meyer & Associates, conducts the sale using the R.A.M.S. 2 format.
  • The registration process permits only one bidder per entry.

Why Participate?

White County’s tax sale provides an investment opportunity for those looking to earn returns on delinquent taxes. If the property owner fails to redeem the taxes, investors can initiate legal proceedings to obtain a tax deed and take ownership of the property. However, participating in the tax sale requires a clear understanding of Illinois tax sale laws and diligent research into the properties listed.

White County’s tax sale is a well-structured process providing opportunities for investors while offering property owners a chance to resolve their delinquent taxes. Participants must fully inform themselves of the legal requirements and prepare thoroughly to maximize their chances of success. Always consult with a legal professional if unsure about any aspect of the tax sale process.

Take Action Today!

Check our calendar for upcoming auctions. Don’t miss out on White County’s upcoming tax sale! If you need more guidance or have questions about participating in tax sales, Don’t hesitate to consider booking a Call Now to connect with an expert who can help you navigate the process. You can also check out our free resources to find answers to your questions and provide tips for making informed investments.

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