As Illinois revamps property tax sales, questions over repaying homeowners loom
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Illinois is revamping its property tax sales system, which may lead to changes in how homeowners are repaid. The overhaul is expected to allow homeowners to keep more of their equity, although the extent of the benefits is uncertain. The reform aims to address issues in the current system, with some changes already being implemented, such as phasing out the tax buyer industry in Cook County.
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