IL SB3215

Adds new subsection (5.5) to Section 21-310 allowing homestead properties to be declared sold in error if the owner made timely, full payment that they reasonably believed was due, but the county collector failed to apply it to the property; applies only to homeowners, not agents or third-party payors.

Modifies Section 21-310(b)(2) to allow courts to order certificate of purchase holders to assign their certificates to the county collector when a sale is declared in error due to substantially destroyed or uninhabitable improvements; permits further assignment to the county or interested taxing districts.

Requires courts to promptly notify county collectors in writing when declaring a sale in error under subsection (b), and mandates such declarations be made within the proceeding in which the tax sale was authorized.

Amends Section 21-385 to allow extended redemption periods when a certificate is assigned to the county collector by court order; provides the holder may designate an extension period not exceeding 36 months from the date of assignment to the collector.

Permits county collectors to request the circuit court to record assignments of tax certificates without charging fees.