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Kane Treasurer Calls for Property Tax Relief Law

Kane County Treasurer David Rickert today called on state officials to pass property-tax-relief legislation he drafted in response to the COVID-19 emergency.

In a news release this afternoon, Rickert said he has “received a number of requests from taxpayers seeking economic relief from property taxes” in response to the “unprecedented health crisis currently facing Illinois.”

“I have spent several days in discussions, with county treasurers, legislators, county board members and the states attorney’s office,” he said. “Based on these discussions, I have drafted the attached proposed legislation with significant assistance from Supervisor of Assessments Mark Armstrong.”

Rickert said the merits of the legislation include:

  1. Temporary property tax payment relief.
  2. Minimal disruption to the State mandated collection cycle.
  3. A comparatively modest cost to the county.
  4. Participation by other counties is optional.
  5. This may make more drastic measures unnecessary.
  6. The county board will have the final say in authorization.

Essentially this bill would waive interest penalty for the first installment of property taxes as long as payment is received by Sept. 1, thereby giving taxpayers an extra three months to recover financially,” Rickert said. “Also, this would help prevent significant damage to our local economy and assist taxpayers in need during this health crisis. ” The proposed legislation only applies to property taxes for 2019 payable in 2020.

Rickert said the cost to the county of $343,000 in lost revenue could be offset with funds currently available in the county’s Property Tax Freeze Protection Fund, which presently has a balance of $4.1 million.