Cook County officials this weekend are starting to unveil a massive list of properties in preparation for an April auction that allows investors to buy unpaid property taxes from delinquent property owners countywide.
A partial list of the more than 66,000 properties is being released in the classified section of Sunday’s Chicago Sun-Times. The list is designed to notify property owners they could lose ownership of their land and buildings if taxes aren’t paid. Other property listings are expected to be published on Feb. 8 and Feb. 9, 2017.
The tax sale, organized by Cook County Treasurer Maria Pappas, will auction almost $212 million worth of taxes that went unpaid in tax year 2015 by owners of residential and commercial properties as well as vacant lots, according to an official with the treasurer’s office.
Two other similar sales are set to start later this year: the 2017 “tax scavenger” sale in July, and the sale of property taxes that went unpaid in 2016, which is set for December, said Madre Belmer, a tax examiner in the Cook County Clerk’s office. “There are three tax sales this year, and that’s unprecedented,” he said.