Illinois Enacts Major Property Tax Foreclosure Reform Legislation
Governor JB Pritzker signed into law significant property tax reform legislation championed by Cook County Treasurer Maria Pappas. The new law prevents homeowners from losing their equity in cases of tax foreclosure, aligning Illinois with the U.S. Supreme Court's Tyler v. Hennepin decision. This marks a major shift for the state’s decades-old system.
Topics: foreclosure reform homeownership protection property tax