Cook County Plans to Waive Late Fees on Property Taxes
Acknowledging the financial toll of the coronavirus, Cook County plans to waive late fees on property tax payments for both residential and commercial owners. The property tax relief ordinance will be presented at the next full meeting of the Cook County Board of Commissioners, scheduled for May 21.
“This can keep residents in their homes and allow businesses much needed time to recover from the COVID-19 pandemic,” said Cook County Board president Toni Preckwinkle.
Under the proposed relief ordinance, interest penalties for late payments of the second installment of property taxes, normally due August 3, will now be postponed until Oct. 1.
Any payments made on or before Oct. 1 for property tax second installments will be considered filed and paid on time by Cook County Treasurer Maria Pappas. Under state law, late property tax payments normally are charged 1.5% of the total property taxes owed per month.
For comments, questions or concerns, please contact Paul Bubny