The county tax sale is held in the 7th floor conference room of the Stewart Centre, located at 50 W. Douglas St., Freeport, IL 61032.
The sale will begin at 9:00 a.m.
Please use our Stephenson County Tax Buyer Registration form, which you can access HERE.
Along with the form, a $300 deposit is required to participate. This must be paid when the tax buyer registers. This deposit will be retained by the County Collector in the event a tax buyer is registered and does not attend the tax sale. If the tax buyer registers and attends the sale, but does not purchase any taxes, the $300 deposit will be refunded. Finally, if a tax buyer attends the sale and purchases taxes, that deposit is applied to the purchase.
For details on the availability for purchasing tax lien certificates over-the-counter or through assignment purchasing, please contact: Joseph E. Meyer & Associates, Stephenson County Trustee agent, at 618-656-5744
The separate, annual auction of surplus property also occurs once per year, typically in July.
The county is unable to assist you with any foreclosure information as foreclosures are processed through the court system on behalf of mortgage holders.
No, the tax sale does not clear any liens from the property. Only delinquent TAXES are sold at the tax sale.
No actual property is sold.
The sale is similar to a reverse auction. Registered tax buyers will bid (via bidder-provided USB drive) a percentage rate with a cap at 9%. The tax buyer accepts the lowest bid to win. The homeowner has a period of 3 years to redeem (buy back) their taxes. Registered tax buyers make a profit from the interest earned. The interest earned depends on the length of time it takes for the homeowner to redeem their taxes.
In order to place a bid at the sale you must be a registered tax buyer. We cannot and will not provide legal answers to your tax buying questions. You may wish to contact the Stephenson County Bar Association to request a referral to an attorney whose practice includes a specialization in real estate.