IL HB3130

Requires tax deed grantees to pay any surplus value to the previous property owner within 30 days after recording a tax deed for residential property

Calculates surplus for sold properties as the sale price minus the redemption amount, all encumbrances, and a $500 administrative fee retained by the grantee

Calculates surplus for unsold properties using fair market value determined by the chief county assessment officer, minus the same deductions (redemption amount, encumbrances, and $500 fee)

Allows previous owners to bring civil action in circuit court to enforce surplus payment requirements

Adds surplus payments to the list of amounts refundable to tax deed grantees when a court vacates a tax deed order due to sale errors