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Local Counties Property Tax Relief Updates

Posted by : on : May 18, 2020 | 8:00 am

Due to the increased financial pressures placed on homeowners, lessors and other property owners arising from the ongoing COVID-19 pandemic, local counties throughout Illinois and other states are implementing or considering various property tax relief, including waiving penalties for late payments. The chart below summarizes those relief efforts in certain Illinois counties as well as certain surrounding Indiana and Wisconsin counties. Unless otherwise noted, the relief applies to 2019 property tax paid in 2020, and applies to all types of property owners. Importantly, however, many of these counties exclude property tax payments made through escrow from relief. Since property tax is managed and collected locally, please check your specific local county often for available assistance and how to properly obtain relief.

 

COVID-19 PROPERTY TAX RELIEF BY COUNTY
County Property Tax Relief Status Link to County Resources
Cook (IL)

On Wednesday, May 13, Cook County Board President Toni Preckwinkle announced plans to waive late fees on property tax payments. Under the proposed relief ordinance, interest penalties for late payments of the second installment of property taxes, which are normally due August 3, will now be postponed until October 1. Any payments for property tax second installments made on or before October 1 will be considered filed and paid on time and will not incur the typical 1.5% tax penalty.

The property tax relief ordinance will be presented at the next full meeting of the Cook County Board of Commissioners scheduled for May 21.

https://www.cookcountyil.gov/news/cook-county-announces-property-tax-relief-county-property-owners

 

https://www.cookcountytreasurer.com/

 
DuPage (IL)

First installment due date extended 90 days. Originally due June 1, extended to September 1. Late penalty will be waived if payment made by September 1, 2020. If the first installment is made after September 1, penalties will revert back to June 1.

 

Property owner must submit a COVID-19 Penalty Waiver Application by June 1 to obtain relief.

 

Extension does not apply to payments made via third party such as tax payments placed in escrow through a mortgage lender.

 

In order to receive relief, a property owner must meet one of the following criteria:

 

    • The property owner was laid off or terminated from employment after March 9, if the applicant had been employed for at least 90 days prior to termination;
    • The taxpayer has seen a reduction in income of 20 percent or greater;
    • A property owner has been unable to collect at least 80 percent of collectable rent on the property from March 1 to May 30, or;
    • A business operated by a property owner, located on that property, was shut down after being classified as non-essential and the applicant has not applied for relief pursuant to the Paycheck Protection Program of the Coronavirus, Aid Relief, and Economic Security (CARES) Act.

 

Second installment of property taxes will remain unchanged and are due on September 1, 2020.

Approved by the DuPage County Board on April 28, 2020.

https://www.dupageco.org/treasurer/

Waiver Application:

https://www.dupageco.org/Treasurer/Docs/62763/

 
Kane (IL)

First installment due date extended 30 days. Originally due June 1, extended to July 1. Late penalty will be waived if payment made by July 1, 2020.

 

Extension does not apply to payments made via third party such as tax payments placed in escrow through a mortgage lender.

 

Second installment of property taxes will remain unchanged and are due on September 1, 2020.

Approved by the Kane County Board on April 14, 2020.

https://www.kanecountytreasurer.org/

 
Lake (IL)

Property owners are allowed to spread their property tax payments over four installments, instead of the usual two installments, without incurring interest penalties for late payment. First and second installments of property taxes are typically due on June 8 and September 8; however, the County is providing flexibility around full payments of both installments by providing the following alternative schedule:

 

50% of the first installment payment is now due June 8, 2020 and the remaining 50% of the first installment is due August 7, 2020.

 

50% of the second installment payment is now due September 8, 2020 and the remaining 50% of the second installment is due November 9, 2020.

Approved by Lake County Board on May 12, 2020.

https://www.lakecountyil.gov/2854/Property-Tax-Information

 
McHenry (IL)

First installment due date extended 90 days. Originally due June 15, extended to September 15. Late penalty will be waived if payment made by September 15, 2020.

 

Extension does not apply to payments made via third party such as tax payments placed in escrow through a mortgage lender.

 

Second installment of property taxes will remain unchanged and are due on September 15, 2020.

Approved by the McHenry County Board on April 21, 2020.

https://www.mchenrycountyil.gov/county-government/departments-j-z/treasurer

 
Will (IL)

No relief has been provided yet by Will County.
First installment due June 3, 2020. Second installment due September 3, 2020.

N/A

https://www.willcountyillinois.com/Residents/Property-Taxes-and-Fees

 
Lake (IN)

First installment due date extended 60 days. Originally due May 11, extended to July 10, 2020. Late penalty will be waived if payment made by July 10, 2020.

 

Extension does not apply to payments made via third party such as tax payments placed in escrow through a mortgage lender.

Approved by Governor Eric Holcomb on March 19, 2020.

https://www.lakecountyin.org/portal/media-type/html/group/treasurer/page/default

 
Dane (WI)

For municipalities within Dane County that have passed a Health Emergency Resolution, their local government can waive interest and penalty for tax installments due after April 1, 2020. The interest and penalty can be waived on late payments until October 1, 2020.

 

The City of Madison and the Village of McFarland have passed the Health Emergency Resolution and will waive penalties and interest for tax installments due after April 1, 2020 until October 1, 2020.

Notified Dane County taxpayers by Dane County on May 12, 2020.

https://treasurer.countyofdane.com/

 
Kenosha (WI)

No relief has been provided by Kenosha County.
The county’s municipalities collect the initial installment, for the current tax year, directly from their residents. Initial installments are due by January 31.

 

City of Kenosha
First installment due on or before January 31; Second installment due on or before April 30; Third installment due on or before July 31.

 

Village of Pleasant Prairie
First installment due on or before January 31; Second installment due on or before April 30; Third installment due on or before July 31.

 

All Other Kenosha County Municipalities
Full payment due on or before January 31.

N/A

https://www.kenoshacounty.org/963/Property-Taxes

 
Milwaukee (WI)

The Wisconsin legislature passed, and the Governor signed, Act 185, which includes provisions for a moratorium on the collection of interest and penalties for late property taxes. However, the Act first requires action by the Milwaukee County Board and Milwaukee Common Council to enact the moratorium.

 

Once the required actions are adopted by the Milwaukee County Board and Milwaukee Common Council, property owners without already delinquent accounts would not be charged interest or penalties on late property tax installments after April 1st until October 1st.

 

The Milwaukee County Board and Milwaukee Common Council have not passed the moratorium.

N/A

https://city.milwaukee.gov/treasurer

 

 

 

The summary information in this document is being provided for education purposes only. Recipients may not rely  on this summary other than for the purpose intended, and the contents should not be construed as accounting, tax, investment, or legal advice. We encourage any recipients to contact the authors for any inquiries regarding the contents. FGMK (and its related entities and partners) shall not be responsible for any loss incurred by any person that relies on this publication.

 

 

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