Illinois Code § 65 ILCS 55/16

If from any cause any city, village or town shall fail to collect
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the whole or any portion of any special assessment or special tax which may
be levied, which shall not be canceled or set aside by the order of any
court, the city council or board of trustees may, at any time within five
years after the confirmation of the original assessment, direct a new
assessment to be made upon the delinquent property for the amount of such
deficiency and interest thereon from the date of such original assessment,
which assessment shall be made, as nearly as may be, in the same manner as
is herein prescribed for the first assessment. In all cases where partial
payments shall have been made on such former assessments, they shall be
credited or allowed on the new assessment to the property for which they
were made, so that the assessment shall be equal and impartial in its
results. If such new assessment prove insufficient, either in whole or in
part, the city council or board of trustees may, at any time within said
period of five years, order a third to be levied, and so on in the same
manner and for the same purpose; and it shall constitute no legal objection
to such assessment that the property may have changed hands, or been
encumbered subsequent to the date of the original assessment.

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