Coronavirus Outbreak

Illinois Waives Penalties on Late Property Taxes

June 5, 2020, 10:51 PM

Homeowners across Illinois will have greater flexibility to pay their property taxes late without incurring penalties during the Covid-19 pandemic.

Gov. J.B. Pritzker (D) signed S.B. 685, which permits county assessors to waive interest and penalties on late property tax payments due during 2020. The law applies to all counties except for Chicago’s home, Cook County, which provided similar relief last month.

  • The measure also permits counties to approve 2020 homestead exemptions for property owners with disabilities, veterans, and senior citizens so long as an exemption was granted last year. Despite the changes, assessors would retain authority to conduct audits of taxpayers to verify eligibility for exemptions.

  • The bill won unanimous support in both the House and Senate May 22.

  • “Property taxes can often be a financial burden to many, but even more so because of the public health crisis. These measures will provide some relief to our residents,” said Sen. Jennifer Bertino-Tarrant (D) when the bill passed last month.

To contact the reporter on this story: Michael J. Bologna in Chicago at mbologna@bloomberglaw.com

To contact the editors responsible for this story: Jeff Harrington at jharrington@bloombergtax.com; Yuri Nagano at ynagano@bloombergtax.com

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