HB2162 Summary

• Amends Property Tax Code Section 22-80 to specify fees and costs owed when a party successfully contests a tax deed order.

• In cases declared as "sales in error," the county collector must refund taxes, special assessments, and costs to the tax deed grantee, with interest at 1% per month accruing until the date of the court order finding the tax deed should be vacated (changed from date of payment).

• In all other contested cases, the party who successfully challenged the tax deed order must pay the tax deed grantee specified amounts within 90 days, including redemption amounts, municipal liens, court reporter fees, deed certification and recording costs, and additional taxes and special assessments with 1% monthly interest.

• If payment is not made within 90 days, the petition to vacate shall be denied with prejudice and the tax deed order remains in full force and effect.

• Takes effect immediately upon becoming law.