Iowa vs Illinois
Same underlying data as the individual state pages, side by side. Statutory rates and redemption windows only — always confirm against the county's own auction notice before bidding.
| | Iowa | Illinois |
|---|---|---|
| Sale type | Tax lien certificate | Tax lien certificate |
| Rate / penalty | 24% flat (2%/month), no bid-down | Up to 18% per 6-month period, bid down |
| Redemption | 1 year 9 months (+ 90-day notice) | 2–3 years |
Both states run the same kind of sale — tax lien certificate — so the real difference between them comes down to rate and redemption, not the underlying mechanism.
Redemption windows differ: Iowa gives owners 1 year 9 months (+ 90-day notice), Illinois gives 2–3 years — the state with the shorter window resolves faster, for better or worse depending on what you're optimizing for.
Iowa fixes its tax lien interest at 2% per month (24% a year) under Iowa Code § 447.1, so the rate is never bid down; bidders compete on the smallest percentage of the parcel instead (§ 446.16). After one year and nine months the holder may serve notice, and the right to redeem ends ninety days after service is complete (§ 447.9, § 447.12).
Full Iowa page →Illinois' penalty accrues per six-month period rather than annually — up to 18% each half-year the certificate goes unredeemed, which compounds to a much higher effective annual return than a flat-rate state. Bidding is by rate, driven down from that 18% ceiling.
Full Illinois page →Quick answers
Is Iowa or Illinois a tax lien state?+
Iowa is a tax lien certificate state. Illinois is a tax lien certificate state.
Which has the higher rate, Iowa or Illinois?+
Iowa: 24% flat (2%/month), no bid-down. Illinois: Up to 18% per 6-month period, bid down. Compare the actual statutory ceiling, not just the headline number — most "up to" rates get bid down at auction.
Which redeems faster, Iowa or Illinois?+
Redemption windows differ: Iowa gives owners 1 year 9 months (+ 90-day notice), Illinois gives 2–3 years — the state with the shorter window resolves faster, for better or worse depending on what you're optimizing for.
Want to line up more than two states, or swap in different ones? Use the interactive comparison tool — up to four states at once.
See where these two rank against all 50 states: full rankings.
This page is general information, not financial or legal advice. Rates and redemption periods are set by state statute and can change by county or legislative session — always confirm against the county's own auction notice before bidding.