PRESS RELEASE FOR IMMEDIATE RELEASE July XX(TBD), 2020 Contact: Robin M. O'Connor 847-377-VOTE
Governmental bodies were under intense pressure to finalize the levy, an essential part of the property tax calculation, during the COVID-19 shutdown. The amount levied for Wauconda Community Unit School District 118 for only Lake County property owners was incorrectly reflected on their property tax bills received in May 2020.
Pursuant to the Illinois Property Tax Code 35 ILCS 200/14-41, Lake County property owners in the district will receive a revised bill in early August that includes the missing portion of the school district’s levy, which remains due and owing. This is not a new tax, nor the result of any additional tax imposed by School District 118. McHenry County property owners within this school district are not impacted.
The sample below is a portion of a revised Lake County property tax bill that includes the missing tax extension of $865 per $100,000 of assessed value. The illustrated property is within the school district’s boundaries, has a fair market value of approximately $155,000, and has a taxable assessed value of $46,284. The amount added to the property tax bills is the result of multiplying the property’s taxable assessed value times the rate. In this case, the amended tax amount is $400.28. (Noted in the sample below.)
In reviewing the revised bill, look at the “Taxing Body” section for the amount added under line item labeled “WAUCONDA COMM UNIT SCHOOL DISTRICT #118 ARREARS”.
Early August |
Revised tax bills will be sent via certified mail |
September 8 |
Half payment of total amount due (Full payment also accepted) |
November 9 |
Final half of payment Due without any added penalties or interest |
If you should have questions, please contact the Tax Extension and Redemption Department at 847-377-2404 or TaxExtension@lakecountyil.gov.
For more information on Lake County Clerk services and up-to-the-minute election news, visit LakeCountyClerk.info, follow us at twitter.com/LakeCountyClerk, join our page at facebook.com/CountyClerk, or call 847-377-2400.
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