Annual Kane delinquent property tax sale Oct. 28
From Submitted Reports October 1, 2013 6:34PM
Updated: November 4, 2013 11:50AM
Kane County will hold its annual tax sale on Oct. 28,
Property taxes not paid by a certain date are sold at the county’s annual sale. The sale gives buyers the chance to pay the tax bill and then collect the money — plus interest — when the property owner eventually pays up. Bills are auctioned off to the bidder offering the lowest interest rate, usually around 8 percent.
A property owner can lose the property if the tax bill is not redeemed.
The tax sale will start at 9 a.m. in the County Board Room at the Government Center, building (A), 719 South Batavia Avenue, Geneva. You must register beforehand to participate in the sale. Registration will end Oct. 11, according to the office of Kane County Treasurer David J. Rickert,
Delinquent taxes are listed in a local newspaper approximately three weeks prior to the sale. They also can be found on the treasurer’s web site at Kanecountytreasurer.org under the link Tax Sale Information.
A $500 deposit is required with your registration, with $450 of that being applied toward any items purchased at the sale and $50 toward the cost of the tax sale list.
The release noted that the boardroom will be cleared at 8 a.m. the day of the sale. There will be no advantage for a buyer to show up before 8 a.m., and there will be no advantage to seating arrangements in the boardroom, it said.
“Every effort is made to ensure that a fair opportunity is given to all buyers,” the release said. “Please be considerate to the treasurer, staff and other bidders. All decisions of the treasurer are final. Inappropriate behavior towards the treasurer, staff or other buyers may result in your removal from the sale.”