SENIOR TAX DEFERRAL PROGRAM
December 17, 2019
KANE COUNTY TREASURER, DAVID J. RICKERT, would like to remind taxpayers that information and forms for the Senior Citizens Property Tax Deferral program are now available in the Treasurer’s office.
The program allows qualified senior citizens to defer all or part of their 2019 property taxes up to $5,000 on their personal residence. Applications must be filed with the Treasurer’s office by March 1, 2020 in order to defer 2019 taxes billed in 2020.
To qualify, a person must be 65 or over by June 1, 2020, have a total household income of $55,000 or less, and have lived in the property for at least three years. In addition, there must be no delinquent taxes on the property. Also, if the property is subject to a mortgage then your mortgage company would also have to approve your participation in the program.
Qualified taxpayers can defer taxes totaling up to 80 percent of the equity interest they have in the home. The program provides funding at a six percent simple interest rate which doesn’t require repayment until the taxpayer sells the property or until after the taxpayer’s death.
To apply for the program, the person has to file two forms with the County Treasurer’s office. The first form (IL1017 TD) asks for basic information on the taxpayer, their income and their property. It also requires that joint owners agree to the tax deferral. In addition, it requires that evidence be presented of adequate insurance on the property.
The second form (IL1018 TD) is the agreement for the tax deferral. It sets out the conditions of the deferral, including the amount which can be deferred, the interest rate and the arrangements for paying back the “loan”.
If you have any questions about this program, please contact the County Treasurer’s office located at 719 South Batavia Avenue in Geneva, Illinois. The phone number is 630-232-3565
PROPERTY TAX COLLECTION SERVICES NOW OFFERED BY
KANE COUNTY CLERK’S AURORA BRANCH OFFICE
KANE COUNTY TREASURER, DAVID J. RICKERT, announces that property tax collection services will now be offered at the Kane County Clerk’s branch in Aurora. This fulfills a campaign promise to bring more services to Illinois’ second largest city.
Treasurer Rickert is also proud of the positive working relationships maintained with Mayor Richard Irvin and County Clerk Jack Cunningham. “I look forward to finding more areas of cooperation where we can better serve our citizens” Rickert said.
The branch office of the Kane County Clerk is located at
5 E. Downer Place in downtown Aurora is taking payments from 8:30 a.m. to 4:30 p.m. Monday thru Friday. Please note, only check payments can be made at this location.
DUE DATES FOR PROPERTY TAX BILLS SET
April 24, 2019
KANE COUNTY TREASURER, DAVID J. RICKERT, announces that taxpayer's 2018, payable 2019, property tax bills will be mailed out by Wednesday, May 1st. The first installment will be due June 3rd and the second installment will be due September 3rd. County Clerk Jack Cunningham reports that Net Taxable Valuation for Kane County is $14,547,326,803 with a total real estate tax extension of $1,324,670,485. Starting at 10:00 a.m. on April 24th, you may visit our web site at KaneCountyTreasurer.org to view current tax information and print out duplicate bills. Also available on this web site is a list of all unclaimed funds held by the Treasurer.
Taxpayers can make payment by:
- Mailing a check with coupon to the Treasurer's Office, in the envelope provided,
- Making payment at any one of the designated banks within Kane County on or before the due date, please remember to bring a payment coupon.
- Making payment with check, cash or credit card during business hours in the Treasurer's Office (8:30am to 4:30pm – Monday through Friday except holidays), please remember to bring a payment coupon. Please note there is a convenience fee for debit and credit card use.
- Dropping a check with coupon in the property tax drop box, which is available 24 hours a day. The drop box is located behind Building A at the Government Center in Geneva, IL. Check and coupon must be in an envelope.
- Credit card, debit card or e-check over the Internet. Please note there are convenience fees for credit card and debit card services. There is no fee for e-check. Additional information is available on the Treasurer's Office web site KaneCountyTreasurer.org.
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