Property tax, assessment, redemption, tax sale, and tax deed terms.

Tax deed notice provision requiring notice to owners and interested parties after sale.

Illinois tax deed notice provision governing additional notice requirements.

Tax deed notice provision addressing service and publication-related requirements.

Tax deed notice provision addressing notices to clerks and parties listed by statute.

The petition process for directing issuance of a tax deed after statutory compliance.

Initial Illinois tax sale notice associated with the sale and redemption process.

A reduction or elimination of an amount owed, such as taxes, rent, or an assessment.

Real estate taxes that have been earned or incurred for a period but may not yet have been billed, paid, or finally calculated.

A tax based on the value of the property being taxed.

A legislative or administrative program forgiving or reducing certain tax penalties, interest, or liabilities if conditions are met.

An ordinance authorizing municipal expenditures for the fiscal year or other budget period.

The sale of delinquent property taxes, interest, and related charges.

Legal authorization for a public body to spend money for a stated purpose.

The value assigned to property for tax purposes before equalization and exemptions.

The value placed on property for property-tax purposes.

A valuation, tax, charge, or levy imposed under applicable law or governing documents.

A challenge to a property assessment before a local board of review, PTAB, or court.

A filing challenging assessed valuation or classification.

The year for which property is valued for tax purposes.

A public official or office responsible for valuing property for taxation.

Taxes owed from prior periods.

A county-level body that hears property assessment complaints.

An ordinance authorizing issuance of bonds and setting major terms.

A statutory or judicial process confirming the validity of public bonds.

An abbreviation whose meaning depends on context, often Civil Code, county clerk, or carbon copy in records.

Profit realized when property is sold for more than its tax basis or adjusted cost.

A document correcting a tax or assessment record.

A correction process for certain assessment or tax-bill errors.

The certificate issued to a tax buyer after purchase of delinquent taxes.

A certificate issued to a buyer at a judicial or tax sale, often leading to a deed if required steps are completed.

The county official overseeing assessment administration and changes.

The year in which taxes are billed or collected, often after the tax year in Illinois.

A local officer or official function responsible for collecting taxes, fees, charges, or assessments.

The officer or office responsible for valuing property for property-tax purposes in counties where that office exists.

The county officer responsible for records, elections, vital records, tax extensions, and other statutory functions.

A county clerk calculation of the amount needed to redeem property taxes sold at tax sale.

The officer or function responsible for collecting property taxes and distributing receipts to taxing districts.

The property tax amount requested by a county government.

The county officer responsible for receiving, holding, investing, and disbursing county funds and often collecting property taxes.

A guaranty, letter of credit, insurance, or similar support improving the credit quality of public debt.

A statutory or constitutional cap on the amount of debt a local government may incur.

A financing technique in which debt is treated as paid or secured by setting aside funds or securities for payment.

A special assessment installment or charge not paid when due.

Taxes not paid by the due date.

A loss in property value from age, condition, obsolescence, or market forces; also an accounting or tax recovery concept for certain property costs.

A property tax exemption for qualifying disabled persons.

A property tax exemption for qualifying disabled veterans.

An area where uniform zoning, taxing, assessment, or regulatory rules apply.

A tax or assessment imposed by a drainage district.

Assessed value adjusted by an equalization factor before tax rates and exemptions are applied.

The right to redeem mortgaged property before foreclosure cuts off the equity of redemption.

An assessment appeal argument that similar properties are assessed differently.

The borrower’s right to pay the debt and save the property before foreclosure terminates that right.

A chart comparing assessment, sale, income, or equity evidence in an assessment appeal.

Post-judgment procedures used to enforce a judgment, such as levy, sale, garnishment, or turnover.

A statutory limit on the amount a taxing district’s levy may increase.

A statutory assessment method for qualifying farmland based on agricultural use and productivity rather than ordinary market value.

A requirement that public fees or receipts be deposited into the proper public fund or account.

A tax-sale result where taxes are not purchased and are forfeited to the State or county process.

A lease tax definition exclusion for taxes based on landlord’s franchise, income, estate, inheritance, or similar status.

A property tax exemption reducing taxable value for qualifying owner-occupied residential property.

A bond backed by the full faith and credit or taxing power of a public body.

Title supported by the public record chain and not subject to unacceptable defects.

An audit of a local government’s accounts and financial records.

Illinois statute governing audits of certain governmental accounts.

An exemption that can delay assessment increase from qualifying residential improvements.

A property tax exemption for qualifying owner-occupied residential property.

Public financing or assistance for housing acquisition, construction, rehabilitation, or affordability programs.

The International Association of Assessing Officers.

Illinois law governing budget procedures for municipalities subject to it.

The Illinois practice under which real estate taxes are generally billed and paid after the tax year to which they relate.

A public financing tool used to support industrial building or development projects through revenue bonds.

Illinois statute governing investment of municipal funds.

A lien imposed without the owner’s voluntary mortgage or pledge, such as a tax lien, judgment lien, or mechanics lien.

A court order allowing delinquent property taxes to be sold.

A property tax levied by a library district.

A statutory protection addressing certain local-government cooperative actions that might otherwise raise antitrust concerns.

Rules or practices for billing local-government services, fees, charges, or utility amounts.

Illinois statute addressing validity of local-government bonds.

Authority for local governments to accept credit card payments for taxes, fees, fines, or charges.

Illinois statute authorizing credit enhancement for local-government obligations.

Illinois statute addressing debt limits for local governments.

Illinois statute addressing defeasance of local-government debt.

A financial report prepared by a local government showing revenues, expenditures, assets, liabilities, or other financial information.

Illinois statute requiring certain local-government financial statements.

Illinois statute authorizing local-government housing finance activity.

A statutory framework addressing taxpayer rights in local tax administration, notices, procedures, and disputes.

Illinois statute addressing procedural rights in local tax administration.

Illinois statute addressing travel expense regulation and reimbursement by local public bodies.

Illinois statute addressing public disclosure of certain wage increases.

A public improvement, such as paving, sewer, sidewalk, lighting, or drainage work, funded through local procedures or assessments.

Title reasonably free from doubt and unacceptable defects, so a prudent buyer would accept it.

Another name for an equalization factor applied to assessed valuation.

A debt instrument issued by a municipality or public body to finance public purposes.

A municipality’s plan for revenues and expenditures for a fiscal period.

Investment of municipal money under statutory limits on safety, liquidity, and authorized investments.

The property tax amount requested by a municipality.

Illinois statute addressing municipal tax compliance.

A recorder or assessor index organized by parcel number or document number.

An assessment added for property or improvements that were missed.

An assessment appeal argument that assessed value exceeds market value.

A property assessment securing repayment of Property Assessed Clean Energy financing.

The property tax amount requested by a park district.

Another name for a property index number used to identify a parcel.

A petition by a tax buyer seeking a deed after redemption period and statutory notice requirements.

A document identifying parcel index numbers for a property or transaction.

The full set of items or observations being studied, such as all parcels in an assessment area.

Rules requiring local governments to pay approved bills or invoices within stated timeframes or pay interest.

A financing program allowing certain energy or resiliency improvements to be repaid through a property assessment.

Illinois statute authorizing PACE financing programs.

Combining multiple parcel numbers into one parcel for tax administration.

Division of one parcel index number into multiple parcel numbers.

A challenge to assessed value or classification to reduce property taxes.

A direct reduction in tax liability available when statutory or program requirements are met.

The Illinois Property Tax Appeal Board, a state forum for appeals from county board of review decisions.

The Property Tax Extension Limitation Law, commonly called the tax cap law.

Taxes and assessments imposed on land and improvements, often passed through to tenants in commercial leases.

A new or revised valuation of property for tax assessment purposes.

An assessment appeal based on a recent arm’s-length sale price.

The amount required to redeem sold taxes, including tax, interest, penalties, and costs.

The statutory period during which delinquent taxes sold at tax sale may be paid to prevent loss of the property.

The statutory time allowed to redeem property taxes sold at tax sale.

The statutory period during which the property may be redeemed before sale or confirmation, depending on the case.

A redemption made while preserving a dispute, where allowed by law or order.

A later adjustment when actual tax bills differ from estimated prorations.

Illinois statute authorizing borrowing in anticipation of revenues.

Short-term debt issued in anticipation of future non-tax revenues.

A bond payable from a specific revenue source rather than general taxes.

A process allowing a government to recover money owed by intercepting or offsetting payments otherwise due to a debtor.

A statutory remedy unwinding a tax sale for specified errors or circumstances.

A periodic sale of severely delinquent taxes under Illinois law.

The property tax amount requested by a school district.

An exemption that may limit increases in taxable value for qualifying senior homeowners who meet income and occupancy requirements.

A property tax exemption for qualifying senior homeowners.

An exemption that can limit assessment increases for qualifying senior homeowners.

An assessment or tax bill assigned to a specific parcel, unit, or portion of a project.

A charge imposed for a public improvement benefiting particular properties, such as sewer, road, or sidewalk work.

A list of properties and amounts charged for a special assessment.

Illinois statute addressing supplemental bond and procedure issues for special assessments.

A defined area where an additional tax or levy funds special services or improvements for that area.

A tax or charge imposed in a special service area for local improvements or services.

A multiplier used to bring assessed values to a required statewide level.

A redemption right created by statute, with timing and requirements set by law.

Later taxes paid by a tax buyer after the initial tax sale.

A tax replacing or supplementing real estate taxes, sometimes included in lease tax definitions.

The county official who oversees assessment administration and review in many Illinois counties.

Statutory tax deed notice informing interested parties of sale, redemption deadline, and deed petition.

Short-term debt issued in anticipation of future tax receipts.

Illinois statute authorizing short-term notes issued in anticipation of taxes.

The official bill showing real estate taxes due for a property and period.

A person or entity purchasing delinquent taxes at tax sale.

A limit on the growth of certain property tax extensions.

A composite rate applied to property in a particular tax code or district combination.

A closing credit for accrued but unpaid taxes or tax obligations allocated to one party.

A deed issued through the statutory tax sale process after redemption has expired and statutory requirements are met.

A court proceeding seeking issuance of a deed based on a tax sale.

The clerk’s issuance of a tax deed after court order and statutory requirements.

A court order directing issuance of a tax deed.

Recording the tax deed to put the transfer into land records.

A title search focused on tax sale, redemption, notice, and tax deed proceedings.

The calculation of tax rates and amounts to be billed based on levies, assessments, and statutory limits.

A status that may occur when delinquent taxes are offered but not sold at tax sale.

A redevelopment area where growth in property-tax revenue is used to pay eligible redevelopment costs.

The amount a taxing district asks to raise through property taxes.

A court challenge to the validity or amount of a property tax after payment under protest or other statutory process.

An allocation of real estate taxes between seller and buyer as of the closing date.

The rate applied to taxable value to calculate a tax bill.

A search of property tax records for unpaid taxes, assessments, exemptions, redemptions, or forfeitures.

The year to which a real estate tax assessment applies.

Property excluded from taxation because of ownership, use, or statutory exemption.

The escrowed or recurring costs for property taxes and insurance that often accompany mortgage payments.

A system where real estate taxes are paid after the year in which they accrue.

A governmental unit authorized to levy property taxes.

A local official who values property for assessment purposes in many Illinois counties.

The property tax amount requested by a township.

A tax imposed on transferring real estate, usually by state, county, or municipality.

An agreement or provision attempting to give up redemption rights, enforceable only as allowed by law.

A written authorization or instrument for payment from public funds, or certain public debt instruments, depending on context.

Failure to sell at auction because bidding does not reach the reserve or acceptable level.

A fund used to provide cash flow for local government operations pending receipt of taxes or other revenues.