Kane County Treasurer Dave Rickert Proposes Legislation to Allow Taxpayers to Postpone June Real Estate Tax Payments Until September without Interest Penalty

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.

Dave Rickert

“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.


Comments

Kane County Treasurer Dave Rickert Proposes Legislation to Allow Taxpayers to Postpone June Real Estate Tax Payments Until September without Interest Penalty — 16 Comments

  1. “$343,000 in lost revenue” is this the lose of penalty interest or interest lost by not having it in a county bank account?

    Postpone means delay, not lose.

  2. At this point what does it matter ?

    The DEMOCRATS have already trashed Illinois and people are
    fleeing by the scores.

  3. Don’t most home mortgages escrow the property taxes?

    Therefore, many (or most) home owners have already effectively paid their property taxes and the cash is sitting in escrow accounts held by the bank/lendor.

    How does this benefit those homeowners?

    Does the deferral cause harm to the governmental units that are the recipients of the June tax levy? (eg. school districts, park districts, libraries, etc.)

    How does deferring collection of the debt service levy of a school district impact that district’s ability to make scheduled debt service payments during the deferral period?

  4. Like I said in Twitter responding to Dave Rickert’s Democratic opponent for Kane County Board chairman, Corinne Pierog, the state legislators will have to consider the effect of the loss of property tax revenues for school districts and other local units of government and balance that with the fact many property taxpayers have lost their jobs and will have difficulty paying their taxes by the 1st installment deadline, in Kane County, that date is early June.

    But given both the federal and state of Illinois governments have already extended their tax filing deadlines from April 15 to July 15, without interest/penalty, to help taxpayers then the state can be consistent and offer a similar three month extension through state legislation of the 1st installment due date and make the 1st and 2nd installments the same day.

    As for mortgage lenders collecting local property taxes each month with mortgage payments to deposit in escrow for property taxes, there are many property owners, particularly among older citizens, who don’t pay property taxes through a mortgage payment because they do not have a mortgage, the mortgage is paid off, or the property owner had escrow collection waived by the mortgage lender.

    State legislators have much to consider if/when they take up this legislation requested by Rickert and many of his county treasurer peers. Maybe McHenry County Treasurer Glenda Miller could chime in?

  5. In our State’s current economic situation, any delay in revenue could be catastrophic.

    We were on the verge of bankruptcy prior to this event.

    Now I believe it will have to be inevitable.

  6. Dear tax-fighter sunshine blogger: please advocate to make sure this extension only applies to public sector employees. It is time for private sector employees to show some patriotism and take one for the team. Stay tuned…tic, tock, tic, tock, tic, tock, hug your neighbor, tic, tock, tic, tock, meeeeeeoooooooowwwwwwwwwwwwww…

  7. Nothing like a smiling tax-fighter to face this global pandemic. Stay tuned…tic, tock, tic, tock, tic, tock, meeeeeeoooooooowwwwwwwwwwwwww…

  8. How about erase both payments for the year? By November McHenry County will be down 117,000 people.

  9. This type of relief makes sense.

    When paying bills one of two things are needed: time or money.

    Government can’t afford much more money after that relief bill, but granting time to taxpayers makes sense.

    Good job David Rickert.

  10. This will help out working families who are struggling with the shelter at home order during this crisis.

  11. This is a great idea! In a time when working people are going through non-self imposed financial hardships, it makes sense to give them a break.

  12. This is real leadership that is needed through this pandemic!

  13. Thank you David!

    This is what real leadership is all about, someone who steps up ans fights to help us and our families during this times of crisis.

  14. Dave Rickert needs to be put on lockdown and wsterboarded to find out what happened to all the taxpayers’ money🐆

  15. Mchenry County Treasurer, Glenda Miller proposed this weeks ago.

    God love her.
    Thank you Glenda!

    Now watch that POS Jack Franks try to take credit. lol

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