PROP TAX-DELINQUENT PROPERTY

Amends the Property Tax Code. In provisions about delinquent property, provides that a county may take steps necessary (currently, shall take all steps necessary) to acquire title to the property and may manage and operate the property, including, but not limited to, mowing of grass, removal of nuisance greenery, removal of garbage, waste, debris or other materials, or the demolition, repair, or remediation of unsafe structures. Provides costs to be distributed to taxing districts, including operation and maintenance costs and all costs associated with county staff and overhead used to perform the duties of the trustees. Reduces the maximum penalty bids for the annual tax sale from 18% to 12%. In provisions about redemption of property, limits the assessments of penalties from every 6 months to 12 months. Makes conforming changes. Amends the Counties Code and Illinois Municipal Code. Modifies the requirements to have a circuit court declare property abandoned. Senate Committee Amendment No. 1 Provides that, regarding a petition requesting property to be declared abandoned, service may be had by publication in a newspaper that is in circulation in the county in which the action is pending on persons named as defendants having an interest of record in the property. House Committee Amendment No. 1 In the Property Tax Code: reduces the maximum penalty bids for the annual tax sale from 12% to 9%; and, in provisions about redemption of property, removes changes relating to assessment of penalties.