More than 400,000 Illinois homeowners may owe taxes on home sale profits. Outdated exemptions are turning modest equity into ...

Rep. Marjorie Taylor Greene just introduced a bill to eliminate the home equity tax. Here's what it could mean for millions ...

A federal judge has granted class-action status to a lawsuit alleging Cook County strips homeowners of equity when auctioning ...

Millions of American homeowners are facing a hidden tax burden they didn't anticipate due to an outdated federal rule.

Home equity rates seem to be on summer vacation. The average rate on a $30,000 home equity line of credit (HELOC) remained at ...

Illinois' property tax sale system, which strips homeowners of surplus equity, ... Home equity theft via property tax liens is common in Illinois but has been reformed in 11 other states.

The U.S. Supreme Court ruled unconstitutional a decades-old practice of taking every cent of people’s home equity over unpaid property taxes. Experts say Illinois lags behind other states with a ...

Thus, Napier stands to forfeit about $118,500 in home equity if Pappas turns over the deed for the house on Maple Street to the tax buyer — who has since paid the 2022 and 2023 taxes on the ...

Illinois is the only state where homeowners losing their homes to tax foreclosure are not guaranteed a return of their remaining equity. This system has cost Black homeowners in Cook County ...

Illinois tax foreclosures disproportionately impact Black and senior homeowners Velma Lewis stands outside her rental apartment in Lombard, Ill. Thursday afternoon, May 15, 2025.