Will County Announces
Property Tax Relief Measures - 2020
U.S. property owners, including those in the Chicagoland area, are currently facing real financial pressures in the face ...
Why?
One reason is ... it's real estate property tax time across much of America.
That is certainly true in the Chicago Metropolitan Area.
In Chicago's Southland, Will County real estate taxes were mailed out and posted online beginning on May 1st, 2020. Will County property owners' 1st installment of taxes will come due for payment soon ... on June 3rd, 2020.
But as I mentioned above, events now taking place are making the payment of this year's tax payments-especially challenging for many. Employment furloughs, unemployment, reduced earnings, and health issues delivered via the COVID-19 virus are all contributing to those current challenges.
Many of our local Chicagoland-area county governments are looking for ways to meet those challenges head-on. They're also trying to find ways to provide much-needed relief to the residents and property owners within their boundaries.
That is definitely true in Will County. On Thursday, May 21st, the Will County Board met and approved measures to provide financial relief to Will County property owners in meeting their 2019 tax installment responsibilities.
The following payment schedule was approved at that County Board meeting:
* 50% of the 1st Installment is due June 3, 2020
* 50% of the 1st Installment is due August 3rd, 2020
* 50% of the 2nd Installment is due September 3rd, 2020
* 50% of the 2nd Installment is due November 3rd, 2020
NOTE: Any unpaid balance remaining after the August 3rd and November 3rd dates will accrue interest.
To simplify the payment of taxes, Will County has made payment possible via any of the following methods:- Lender Tax Escrow Payment(s): (Check with your Mortgage Service Provider for further info. NOTE: Most Homeowners with Mortgages and Taxes paid via Escrow accounts will see little or no change in the tax payment schedules)
- Banks: For a list (and locations) of those banks collecting on the County's behalf, click HERE
- Online Payment: Click HERE for that link
- By Mail: Send payment(s) to Will County Treasurer, 302 N. Chicago Street, Joliet, IL 60432
- Drop-Box Payment: 2 Drop-Boxes are provided at the County Building located at: 302 N Chicago St, Joliet
#2 is located in the County Building's lobby
Should you have any questions regarding the payment of your taxes/tax installments, please contact the Will County Treasurer's office at: 815.740.4675.
You can also email the Treasurer's office at the following: treasurer@willcountyillinois.com
The topic of Real Estate Taxes is vitally important as taxes play a critical role in the transacting of real estate. For those considering a real estate purchase, real estate taxes figure greatly into the "affordability" factor of properties, especially when the property is being financed.
Because of this fact, I've written articles on the topic many times ... specifically, as they pertain to Will County residential transactions and ownership. Links to some of those articles are provided below.
I hope these articles provide some insight into the topic of taxes and provide a better understanding of how Will County properties are assessed and taxes are estimated and paid.
Have questions as to how the real estate taxes on a property could affect your ability to buy?
Are you hoping to Buy or Refinance a home or Investment Property in the Chicagoland area? Contact Me! I'll put my 40 years of Mortgage experience and expertise hard to work on your behalf. I'm easily found at:
Gene Mundt
Mortgage Originator - NMLS #216987 - IL Lic. #031.0006220 - WI License 216987
American Portfolio Mortgage Corp
NMLS #175656
Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281
Gene Mundt, Mortgage Originator, an Originator with 40 years of mortgage experience, will offer you exemplary mortgage service and advice when seeking: Conventional, FHA, VA, Jumbo, USDA, and Portfolio Loans in Chicago
and the greater Chicagoland region, including:
The Lincoln-Way Area, Will County, (New Lenox, Frankfort, Mokena, Manhattan,
Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Lockport, Channahon,
Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County,
and elsewhere within IL & WI.
Referrals are Greatly Appreciated and Welcomed!
Referrals are Greatly Appreciated and Welcomed!
No comments:
Post a Comment
Thank you for taking the time to read and comment on my post!