Lake County, IL
File #: 20-0631    Version: 1 Name: Ordinance To Allow Lake County Property Owners To Defer A Portion of Their Lake County Property Tax Payments Due To the Impacts Of COVID-19.
Type: ordinance Status: Passed
File created: 5/1/2020 In control: Financial & Administrative Committee
On agenda: Final action: 5/12/2020
Title: Ordinance to allow Lake County property owners to defer a portion of their Lake County property tax payments due to the impacts of COVID-19.
Attachments: 1. PTAX Deferment Ordinance - May 2020 - Ver2.pdf, 2. Property Tax Deferment Form - May 2020 - V2.pdf, 3. PTAX Deferment Ordinance - as Approved by CB- May 2020.pdf

Title

Ordinance to allow Lake County property owners to defer a portion of their Lake County property tax payments due to the impacts of COVID-19.

 

Staff Summary

                     Pursuant to 35 ILCS 200/21-40 (a) the Lake County Board has authority to adopt an ordinance under which 50% of both the first and second installments of property taxes shall not become delinquent until 60 days after each installment due date.

                     To qualify for the deferred installment payments, owners of real property located in Lake County must make application to the County Collector stating facts which support that the property owners have been adversely affected financially by the COVID-19 disaster.