According to the Illinois Compiled Statutes, 35 ILCS 200/15, the Lake County Collector is bound by state law to collect 1.5% penalty per month on any unpaid installment balance after the due dates.
For this year, due dates are June 6th and September 6th, therefore 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.
PLEASE NOTE: Not receiving a tax bill, medical emergencies, travel or payment history do not qualify for exemption.
Payment Date
1st Installment
2nd Installment
By June 6
0%
0%
June 7 - July 6
1.5%
0%
July 7 - August 6
3.0%
0%
August 7 - September 6
4.5%
0%
September 7 - October 6
6.0%
1.5%
October 7 - November 14
7.5%
3.0%
As of November 14, 2022, the following forms of payment will be acceptedin person only: cash, cashier's check, certified check, money order, and credit card (please call our office for details).
To avoid tax sale, payments must be received in the Treasurer’s Office by 5 p.m. (no postmark) on Friday, November 14, 2022.