Kane County Treasurer David Rickert, who is the Republican running for Kane County Board Chairperson, proposes the General Assembly pass legislation allowing property taxpayers a three-month extension on their bills.
“Essentially this bill would waive interest penalty for the first installment of property taxes as long as payment is received by September 1st; thereby, giving taxpayers an extra three months to recover financially.
“Also, this would help prevent significant damage to our local economy and assist taxpayers in need during this health crisis.
“The legislation only applies to property taxes for 2019 payable in 2020.
“The cost to the county of $343,000 in lost revenue can be offset with funds currently available in the county’s Property Tax Freeze Protection Fund.
“This fund currently has a balance of $4,100,000.
Continuing, Rickert explains,
“In response to the unprecedented health crisis currently facing Illinois residents due to the COVID-19 global pandemic, I have received a number of requests from taxpayers seeking economic relief from property taxes.
“I have spent several days in discussions, with county treasurers, legislators, county board members and the states attorney’s office.
“Based on these discussions, I have drafted the attached proposed legislation with significant assistance from Supervisor of Assessments Mark Armstrong.
“The merits of the legislation include:
- Temporary property tax payment relief
- Minimal disruption to the State mandated collection cycle
- A comparatively modest cost to the county
- Participation by other counties is optional
- This may make more drastic measures unnecessary
- The county board will have the final say in authorization”
Rickert was first elected County Treasurer in 1998.