Source: Foundation for Economic Education
by Joe Tabor
“Illinois lawmakers finally passed legislation to become the last state in the country to comply with a three-year-old US Supreme Court ruling. State law allows the government to take an entire property for unpaid property taxes, even when they’re much less than the value of the property. House Bill 4537 brings the state into compliance with the 2023 high court decision in Tyler v. Hennepin County, which ruled that in taking property, state governments must give owners the value that exceeds the amount owed in taxes.” (07/16/26)
https://fee.org/articles/illinois-lawmakers-finally-pass-bill-to-end-home-equity-theft/