Illinois is an excellent state for tax lien certificate sales. Here is a summary of information for tax sales in Illinois:
Interest Rate
36% for full year, on farm land 24%
Redemption Period
2 years
Illinois tax lien auctions
Most county tax lien sales are in November
Illinois tax deed sales
Illinois does not have tax deed sales
Bidding Process
All auctions are by competitive bid. In most counties, you must pre-register to bid approximately 10 days in advance of the sale
State Specific Information
Illinois is probably one of the best tax lien certificate investing states because the interest rate is high and the redemption period is short.
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