2020 Property Tax Relief Measures in Will County

By
Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI
https://activerain.com/droplet/5nlt

 

2020 Property Tax Relief Measures in Will County

 

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.

 

In many areas of our nation, property taxes are presently being issued and 1st installment of tax payments are coming due.  

 

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.  

 

Those efforts were made fact 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.  PLEASE 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 Street, Joliet, IL

            #1 is located in the parking lot as a drive-up facility/service 
            #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
 
 
 
Posted by

  

 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   

Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender   

 

  

 

 

Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656

 

Gene Mundt, Mortgage Originator,  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, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Local News and Events
Location:
Illinois Will County
Groups:
Realtors®
Chicago Area Real Estate BUZZ!
HyperLocal Neighborhood and Community Posts
WillCounty
Tags:
property taxes
will county
affordability
property assessments
will county taxes
tax installments due
will county tax relief

Spam prevention
Show All Comments
Rainmaker
4,859,622
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Gene,

As always you shared some wonderful information for you area.  I hope that more states will adopt those same types of remedies.  A

May 22, 2020 01:18 PM #1
Ambassador
3,996,509
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gene in CT property taxes are due in January and July in all towns except for one town, and I have not heard of any of our towns offering special payment options yet.

May 22, 2020 03:27 PM #2
Rainmaker
3,462,367
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Gene... our property taxes are paid only once per year for the prior year and are due by no later than Jan 5th.... so no talk of relief at my end (at least not for now).

May 23, 2020 06:23 AM #3
Rainmaker
5,816,574
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is timely information to share with area residents.

Have a great day!

May 26, 2020 08:59 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,268,618

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
Contact Me For Mortgage Answers, Info & Assistance:
*
*
*
*
Spam prevention

Additional Information