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- According to the Illinois Compiled Statues, 35 ILCS 200/15 the Lake County Collector is bound by state law to collect 1.5% penalty on any unpaid installment balance after the due dates.
- Late payments will be accepted with the understanding that any unpaid balance or full payment received after the installment due dates, will incur a state imposed 1.5% late fee per month (starting the day after the due date for the balance of 30 days).
- Late fees will increase to 3% for the next 30 days, etc.
- This year's due dates being June 6th and September 6th, the penalty is calculated on the 7th of each month and is not prorated by state law.
- Forgiveness of the penalty must be due to a Lake County error and must be documented.
- Not receiving a tax bill, medical emergencies, travel or payment history do not qualify for exemption.
Penalty Percentage Table
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By June 6th |
0% |
0% |
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June 7th - July 6th |
1.5% |
0% |
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July 7th - August 6th
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3.0% |
0% |
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August 7th - September 6th |
4.5% |
0%
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September 7th - October 6th |
6.0% |
1.5% |
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October 7th - November 21st |
7.5% |
3.0% |
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On October 24th a $10.00 final notice and publication fee will be added to your tax bill.
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As of November 5th we will only accept the following forms of payment: cash, cashiers check, money order or certified check.
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To avoid tax sale, payments must be received in the Treasurer’s Office by 5:00 pm on Wednesday, November 21, 2012.
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