real estate taxes: Why do we Pay Property Taxes in Arrears in Winnetka and the North Shore - 04/12/17 03:14 PM
A detailed discussion of Illinois property taxes could induce me to become inarticulate, crazed, and possibly jailed for spreading misinformation.  So I'll keep it simple because it's a question that is often asked by both buyers and sellers.
In Illinois, homeowners pay real estate property taxes in "arrears," which the dictionary defines as:
"the state of being behind or late, especially in the fulfillment of a duty , promise, obligation or the like."
So basically, our payments are always past due - but not in a negative way since the system was set up that way.
Illinois property owners receive two tax bills a year … (1 comments)

 
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate

Winnetka, IL

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Baird & Warner Real Estate

Address: Baird & Warner - Attn: Margaret Goss, 594 Green Bay Road, Winnetka, IL, 60093

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