Public Act 123 of 1999 shortens the amount of time property owners have to pay their delinquent taxes before losing their property. Property owners with taxes that are three years delinquent will be foreclosed and the property will be sold at public auction. For example, people who fail to pay their 1999 delinquent property taxes will lose their property to foreclosure in March, 2002.

With this new act, the amount of time to pay taxes has been reduced from approximately five years to approximately three years. Property owners who have multiple tax years owing may have to pay as many as three years (1997, 1998 & 1999) by March, 2002 to avoid losing their property.

Property owners face higher interest and fees for not paying their taxes. Taxes that are more than two years old will have a substantially higher interest rate (1.5% per month, as opposed to the current 1%). After two years, taxes will also have a $175 forfeiture fee and additional administrative fees added to them.

Pay your delinquent taxes now! Foreclosure is final!