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States' delinquent tax strategies vary across the Midwest
Iowa seeks to raise delinquent tax penalties to 14 percent monthly while surrounding states outline differing schemes. Minnesota differentiates homestead and non homestead penalties with gradual increases, Illinois imposes 14 percent monthly with private tax buyers, Missouri caps at 20 percent, Nebraska uses a 14 percent first installment penalty, Wisconsin allows local dates and penalties up to 18 percent, and Brown County Wisconsin reports large delinquent balances with foreclosure timelines. The chart compares homestead property penalties across states.
MENTIONED IN THIS ARTICLE
Minnesota
Dennis Erno
St. Paul
Erno
Iowa
Illinois
Lancaster County
Lincoln
Dick Nuernberger
Cuene
Wisconsin
Brown County
Minn. Hl. Mo
Neb
Wis