McHenry County Board Chair Jack Franks
In an emergency meeting on Tuesday evening, McHenry County Board Members voted unanimously to approve an ordinance waiving late fees and interest accruement for the first installment of this year’s property taxes for a period of 90 days.
The ordinance was proposed by County Board Chairman Jack Franks as a way to provide economic relief to local businesses and homeowners amidst the coronavirus pandemic, Franks said in a statement at the beginning of the meeting.
With the passing of this bill, county residents may now pay property taxes anytime before Sept. 15, 90 days after the original deadline of June 15, without penalty.
However, the ordinance only applies to businesses and homeowners who pay their property taxes directly to the county, the resolution stated.
About 67 percent of county residents use an escrow account to pay property taxes monthly along with their mortgage payment, according to McHenry County Treasurer Glenda Miller. These residents will not be effected by the new ordinance.
Read more from the Northwest Herald here.
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