(70 ILCS 605/5-21) (from Ch. 42, par. 5-21)
Sec. 5-21.
Annual
maintenance assessments-Lien-When assessments become due.
Annual maintenance assessments are due and payable and are a lien upon
the land and other property included in the annual maintenance assessment
roll upon the first day of January next succeeding the confirmation of the
levy, whether by order of the court or by failure of any landowner to file
written objections or by the failure of the court to determine the
objections, and all persons are charged with notice thereof. Such lien
shall continue until the assessment is paid, and when so paid the
collector, if requested, shall deliver to the person or persons paying the
assessment a release of the lien of the assessment. One-half of the annual
maintenance assessment shall become delinquent, if unpaid, on the first day
of the following June, and the remaining half shall become delinquent, if
unpaid, on the first day of the following September. Delinquent annual
maintenance assessments, or portions thereof, shall draw interest at the
rate of one-half of one per cent per calendar month or fraction thereof,
from the date of delinquency until paid.
(Source: Laws 1955, p. 512.)
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