Hastings: new legislation could save homes, protect equity for families facing tax sales

SPRINGFIELD — State Senator Michael E. Hastings is supporting legislation designed to provide critical relief to Cook County homeowners at risk of losing their homes in the county’s 2023 tax sale. Hastings, a chief co-sponsor on the bill, worked to pass the measure through the Senate.

“Many families in Cook County have invested their life savings and built equity in their homes, only to face the threat of losing everything over unpaid taxes,” said Hastings (D-Frankfort).

“This legislation provides homeowners with breathing room, ensures fairness in the process, and protects their constitutional property rights.”

House Bill 598 would postpone the filing deadline for the annual tax sale from March 10, 2026, to December 1, 2026, while also suspending interest accrual on delinquent taxes during the extension.

Illinois Senator Michael Hastings addressing the Orland Township Democratic Organization Wednesday Oct. 12, 2022 — Illinois Senator Michael Hastings

This additional time gives residents an opportunity to redeem their property or work with county officials to resolve outstanding tax issues before homes are permanently lost.

The bill would also respond to the federal court decision in Tyler v. Hennepin County, which confirmed that homeowners retain a constitutional right to any surplus value remaining after taxes are paid. By delaying the tax sale and pausing interest accumulation, the bill would help prevent unnecessary foreclosures and preserve family equity, while giving lawmakers time to explore longer-term reforms to the tax sale system.

“This is about providing stability and protection for families who have worked hard to maintain their homes,” said Hastings. “House Bill 598 is a common-sense step that would keep communities intact and ensure families aren’t unfairly penalized.”

House Bill 598 passed the Senate Thursday with bipartisan support.

Click here to subscribe FREE to Ray Hanania's Columns