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updated: 10/3/2013 12:21 PM

Kane County tax sale Oct. 28

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Daily Herald report

Kane County will host its annual tax sale at 9 a.m., Oct. 28 in the county board room at the government center, building (A), 719 S. Batavia Ave. in Geneva. Participants must register prior to the sale. Registration ends Oct. 11.

The tax sale is an opportunity to purchase a lien on properties that are delinquent on their property tax debt. Purchasers bid the rate of interest that would be earned by the buyer on the purchase amount if the property owner redeems the taxes owed. The property owner has a redemption period of up to two years. If the lien is not redeemed by the owner, the tax buyer can obtain ownership of the property through the courts after paying all unpaid taxes on the property.

The treasurer's office advertises delinquent taxes in a local newspaper approximately three weeks prior to the sale. In addition, the tax sale list is provided on the treasurer's website at

The county treasurer's office issued the following guidelines:

• A $500 deposit is required with registration. Of that deposit, $450 is applied to any items purchased at the sale, and $50 to the cost of the tax sale list. There will be no refunds of deposits, unless requested in person, at the treasurer's office while the sale is in progress.  Failure to attend the sale results in forfeit of the deposit money.

• The boardroom will be cleared at 8 a.m. the day of the sale.  There will be no advantage for a buyer to arrive early. There is no advantage to seating arrangements in the boardroom.

• The treasurer will make every effort to ensure that a fair opportunity is given to all buyers. All decisions of the treasurer are final.  Inappropriate behavior toward the treasurer, staff or other buyers may result in a participant's removal from the sale.

• Participating in the sale involves significant risk. The tax sale procedures are outlined in the Illinois Compiled Statutes. Do not ask treasurer staff for legal or bidding advice. Participants wanting legal advice should contact an attorney specializing in tax sale procedures.

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