State of Illinois
91st General Assembly
Legislation

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91_HB3947

 
                                               LRB9112074SMdv

 1        AN ACT to amend the  Property  Tax  Code  is  amended  by
 2    changing Sections 21-15, 21-20, and 21-25.

 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:

 5        Section 5.  The Property Tax Code is amended by  changing
 6    Sections 21-15, 21-20, and 21-25 as follows:

 7        (35 ILCS 200/21-15)
 8        Sec.  21-15.   General tax due dates; default by mortgage
 9    lender. Except as  otherwise  provided  in  this  Section  or
10    Section  21-40, all property upon which the first installment
11    of taxes remains unpaid on June 1 annually  shall  be  deemed
12    delinquent  and  shall bear interest after June 1 at the rate
13    of 1 1/2% per month or portion thereof. Except  as  otherwise
14    provided  in  Section  21-40  and  notwithstanding  any other
15    provision,  for  taxable  years  2000  and  thereafter,  farm
16    property assessed under Sections 10-110 through  10-140  upon
17    which the first installment of taxes remains unpaid on June 1
18    annually  shall  be deemed delinquent and shall bear interest
19    after June 1 at the rate of 1/2% per month or portion thereof
20    for a period of  5  years,  after  which  time  the  rate  of
21    interest shall be 1 1/2% per month or portion thereof. Except
22    as  otherwise  provided in this Section or Section 21-40, all
23    property upon which the second installment of  taxes  remains
24    due  and  unpaid  on  September  1, annually, shall be deemed
25    delinquent and shall bear interest after September 1  at  the
26    same  interest  rate  as  the first installment. All interest
27    collected shall be paid into the general fund of the county.
28    Payment received by mail and  postmarked  on  or  before  the
29    required due date is not delinquent.
30        Property  not  subject  to the interest charge in Section
31    9-265 shall also  not  be  subject  to  the  interest  charge
 
                            -2-                LRB9112074SMdv
 1    imposed  by  this Section until such time as the owner of the
 2    property receives actual notice of  and  is  billed  for  the
 3    principal amount of back taxes due and owing.
 4        Notwithstanding  any  other  provision  of  law, when any
 5    unpaid taxes become delinquent under this Section through the
 6    fault of the mortgage lender, (i) the interest assessed under
 7    this Section for delinquent taxes shall  be  charged  against
 8    the  mortgage  lender  and  not  the  mortgagor  and (ii) the
 9    mortgage lender shall pay the taxes, redeem the property  and
10    take all necessary steps to remove any liens accruing against
11    the  property  because  of the delinquency. In the event that
12    more than one entity meets the definition of mortgage  lender
13    with  respect to any mortgage, the interest shall be assessed
14    against the mortgage lender  responsible  for  servicing  the
15    mortgage.   Unpaid  taxes  shall be deemed delinquent through
16    the fault of the mortgage lender only if:  (a)  the  mortgage
17    lender  has received all payments due the mortgage lender for
18    the property being taxed  under  the  written  terms  of  the
19    mortgage  or promissory note secured by the mortgage, (b) the
20    mortgage lender holds funds in escrow to pay the  taxes,  and
21    (c) the funds are sufficient to pay the taxes after deducting
22    all  amounts  reasonably  anticipated  to  become due for all
23    hazard insurance premiums and mortgage insurance premiums and
24    any other assessments to be paid from the  escrow  under  the
25    terms  of  the  mortgage.  For  purposes  of this Section, an
26    amount is reasonably anticipated  to  become  due  if  it  is
27    payable  within  12  months  from the time of determining the
28    sufficiency of funds held in escrow.  Unpaid taxes shall  not
29    be deemed delinquent through the fault of the mortgage lender
30    if  the  mortgage  lender  was  directed  in  writing  by the
31    mortgagor not to pay the property taxes, or if the failure to
32    pay the taxes when due resulted from inadequate or inaccurate
33    parcel information provided by  the  mortgagor,  a  title  or
34    abstract  company,  or  by  the  agency or unit of government
 
                            -3-                LRB9112074SMdv
 1    assessing the tax.
 2    (Source: P.A. 90-336,  eff.  1-1-98;  90-575,  eff.  3-20-98;
 3    91-199, eff. 1-1-00.)

 4        (35 ILCS 200/21-20)
 5        Sec.  21-20.   Due dates; accelerated billing in counties
 6    of less than  3,000,000.  Except  as  otherwise  provided  in
 7    Section   21-40,   in   counties  with  less  than  3,000,000
 8    inhabitants in which the accelerated method  of  billing  and
 9    paying  taxes provided for in Section 21-30 is in effect, the
10    estimated first installment of unpaid taxes shall  be  deemed
11    delinquent  and  shall  bear  interest after a date not later
12    than June 1 annually as provided  for  in  the  ordinance  or
13    resolution  of  the  county  board  adopting  the accelerated
14    method, at the rate of 1 1/2% per month  or  portion  thereof
15    until  paid  or  forfeited.  Except  as otherwise provided in
16    Section 21-40 and notwithstanding any  other  provision,  for
17    taxable years 2000 and thereafter, in counties with less than
18    3,000,000  inhabitants  in  which  the  accelerated method of
19    billing and paying taxes provided for in Section 21-30 is  in
20    effect,  the  estimated  first installment of unpaid taxes on
21    farm property assessed under Sections 10-110  through  10-140
22    shall  be  deemed delinquent and shall bear interest, after a
23    date not later than June 1 annually as provided  for  in  the
24    ordinance  or  resolution  of  the  county board adopting the
25    accelerated method, at the rate of 1/2% per month or  portion
26    thereof for a period of 5 years, after which time the rate of
27    interest  shall  be 1 1/2% per month or portion thereof until
28    paid or forfeited. The second  installment  of  unpaid  taxes
29    shall  be  deemed  delinquent  and  shall bear interest after
30    August 1 annually at the same  interest  rate  as  the  first
31    installment  until  paid  or  forfeited.  Payment received by
32    mail and postmarked on or before the required due date is not
33    delinquent.
 
                            -4-                LRB9112074SMdv
 1    (Source: P.A. 91-199, eff. 1-1-00.)

 2        (35 ILCS 200/21-25)
 3        Sec. 21-25.  Due dates; accelerated billing  in  counties
 4    of  3,000,000 or more.  Except as hereinafter provided and as
 5    provided in Section 21-40, in counties with 3,000,000 or more
 6    inhabitants in which the accelerated method  of  billing  and
 7    paying  taxes provided for in Section 21-30 is in effect, the
 8    estimated first installment of unpaid taxes shall  be  deemed
 9    delinquent  and shall bear interest after March 1 at the rate
10    of 1  1/2%  per  month  or  portion  thereof  until  paid  or
11    forfeited. Except as otherwise provided in this Section or in
12    Section  21-40  and  notwithstanding any other provision, for
13    taxable years 2000 and thereafter, in counties with 3,000,000
14    or more  inhabitants  in  which  the  accelerated  method  of
15    billing  and paying taxes provided for in Section 21-30 is in
16    effect, the estimated first installment of  unpaid  taxes  on
17    farm  property  assessed under Sections 10-110 through 10-140
18    shall be deemed delinquent  and  shall  bear  interest  after
19    March  1 at the rate of 1/2% per month or portion thereof for
20    a period of 5 years, after which time the  rate  of  interest
21    shall  be  1  1/2% per month or portion thereof until paid or
22    forfeited. The second installment of unpaid  taxes  shall  be
23    deemed  delinquent  and  shall  bear  interest after August 1
24    annually at the same interest rate as the  first  installment
25    until paid or forfeited.
26        If  the county board elects by ordinance adopted prior to
27    July 1 of a levy year to provide for taxes to be  paid  in  4
28    installments,  each  installment  for that levy year and each
29    subsequent year shall be deemed delinquent and shall begin to
30    bear interest  30  days  after  the  date  specified  by  the
31    ordinance  for mailing bills, at the rate of 1 1/2% per month
32    or  portion  thereof  (or,  for  taxable   years   2000   and
33    thereafter,  for farm property assessed under Sections 10-110
 
                            -5-                LRB9112074SMdv
 1    through 10-140, at the rate of  1/2%  per  month  or  portion
 2    thereof for a period of 5 years, after which time the rate of
 3    interest  shall be 1 1/2% per month or portion thereof) until
 4    paid or forfeited.
 5        Payment received by mail and postmarked on or before  the
 6    required due date is not delinquent.
 7        Taxes  levied  on homestead property in which a member of
 8    the National Guard or reserves of the  armed  forces  of  the
 9    United  States  who  was  called  to  active duty on or after
10    August 1, 1990, and who has an ownership interest, shall  not
11    be  deemed  delinquent  and  no  interest  shall accrue or be
12    charged as a penalty on such taxes due and payable in 1991 or
13    1992 until one year after that  member  returns  to  civilian
14    status.
15    (Source: P.A. 91-199, eff. 1-1-00.)

16        Section  99.  Effective date.  This Act takes effect upon
17    becoming law.

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