County collectors will now be able to eject tax bidders who intentionally disrupt a tax sale to change the outcome of an auction, or who use illegal bid practices in order to monopolize the bidding process, now that state Senator Jason Barickman’s (R-Bloomington) Senate Bill 585 (PA 100-1070) has been signed into law.
“We want to ensure our bidding process on tax sales is competitive, but also that they are conducted appropriately and within the boundaries of the law,” said Sen. Barickman. “This new law will protect the integrity of the tax bidding process by allowing county collectors to remove bidders who are purposely disrupting a sale for their own benefit.”
An initiative of the Illinois County Treasurers’ Association, the new law also provides uniformity to the various fees that are collected on tax sales and clarifies fees that are to be charged for subsequent taxes.
Specifically, SB585 clarifies that each person purchasing property will pay an automation fee of no more than $10 (which is the same as current law) to the county collector, with that fee to be charged for subsequent taxes as well. Additionally, an indemnity fee of no more than $20 for each item purchased is also established in the new law. Finally, the measure clarifies that the fee for payment of interests and costs set by the county is to be imposed on each person, for each item purchased at a tax sale.
Senate Bill 585 will take effect January 1, 2019.