SCS SB 893 -- Delinquent Taxes

Sponsor: Quick

This substitute requires county collectors to apply payments for property taxes against any delinquent taxes before applying the payment to taxes due in the current year. The requirement does not apply to the payment of real property taxes made by financial institutions or mortgage loan companies from escrow accounts.

Under current law, proceedings to foreclose on property with delinquent property taxes must be initiated within 3 years. The substitute exempts the 3-year limitation when property that has been tax-exempt has been transferred but the instrument of the transfer has not been filed. The 3- year limitation will begin once the recording of the title has occurred.