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Property Tax Prepayment Instructions for Illinois

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Property Tax Prepayment Instructions for Illinois

Postby chicagotech » Thu Dec 21, 2017 4:20 pm

Cook County
• Cook County taxpayers may choose to participate in the optional program of prepaying their First Installment taxes. The First Installment is an estimated bill equal to 55% of the prior year's total tax.

Four Ways to Prepay

Prepaying Online:

To prepay your first installment property taxes online, begin by enter your 14-digit Property Index Number (PIN) on the first page of the payment process. Payments are accepted from your bank account or credit card.

Prepaying by Mail:

Send your payment with an original prepayment tax bill or an electronic PDF tax bill downloadable from this site and mailed to:


Cook County Treasurer
PO Box 805436
Chicago, IL 60680-4155

Prepaying at Chase Branch:

You may pay at any Chase Bank in Illinois with an original prepayment tax bill or an electronic PDF tax bill downloadable from this site.

Prepaying in Person:

You may submit your original payment coupon or an electronic PDF tax bill downloadable from this site and pay at the Cook County Treasurer's Office.

If you pay by escrow, contact your lender prior to attempting to prepay to avoid double payments. If your prepayment is received by December 31st, the First Installment tax bill which will be mailed in late January will reflect the prepayment. You may verify your payment status by selecting Payment Status after February 1. Please note that the Treasurer’s Office has authorization to reduce the amount of your check to prevent overpayment.

DuPage County
• Mail your check payment to the DuPage County Treasurer, 421 N. County Farm Road, Wheaton, IL 60187. Please indicate your PIN on the check and mark your envelope “Prepayment” for proper processing. You can pay up to 105% of prior year tax.

Kane County
• Fill out the attached application for prepayment and remit payment to the Kane County Treasurer.

Kendall County
• Does not accept prepayment of property taxes.

Lake County
• Checks made out to the Lake County Treasurer can be mailed between December 1 and December 29 only. Payments cannot be higher than current year’s tax amount and the PIN needs to be noted on the check as well as “Pre-Payment” on the check and envelop. Mail to Lake County Treasurer, 18 N County Street Room 102, Waukegan, IL 60085. They will only refund taxes if prepayment is higher than the amount due.

McHenry County
Fill out and sign the Advance Tax Agreement and return it to the McHenry County Treasurer’s Office with your check by December 29th, 2017
Participants’ deposit towards next year’s taxes are held in escrow until tax bills are issued
Note the PIN number on your check
Deposits are nonrefundable

Will County
• Prepayments can be made by mail or in person. Check to “Will County Collector”; include PIN on check. They may assess a processing fee of up to $2. Mailing address: Will County Treasurer’s Office 302 N Chicago St, Joliet, IL 60432.
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Re: Property Tax Prepayment Instructions for Illinois

Postby chicagotech » Thu Dec 21, 2017 4:25 pm

Essentially, homeowners can prepay an amount equal to their previous year's tax bill since the pending year's tax bill is unknown, officials said. They can prepay only up to one year. They will be billed for any increase in their taxes or sent refunds in the slim chance their property tax burden was reduced.

Prepayments need to be made by Dec. 29, the last business day of 2017, to count on this year's tax returns.
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Re: Property Tax Prepayment Instructions for Illinois

Postby chicagotech » Thu Dec 21, 2017 4:28 pm

For example, in Cook County, Illinois, taxpayers can prepay the first installment of their 2017 real estate taxes due in 2018. As detailed in this guide from the Cook County Treasurer’s Office, a good rule of thumb is to pay 55 percent of the previous year’s bill. In Lake County, Illinois, taxpayers can prepay up to 100 percent of the previous year’s tax bill. All Illinois prepayments are due by December 31, 2017.
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Re: Property Tax Prepayment Instructions for Illinois

Postby chicagotech » Thu Dec 21, 2017 4:32 pm

Note: Tax benefit may be reduced due to Alternative Minimum Tax in 2017. Please remember to advise your tax escrow holder of any prepayment. Prepaying 2017 Illinois and other state income taxes may be beneficial as well.
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Re: Property Tax Prepayment Instructions for Illinois

Postby chicagotech » Thu Dec 21, 2017 4:33 pm

Lake County, Illinois
How much can you prepay?
Up to the amount you paid in 2017 (2016 tax bill), but no more.
How do you prepay?
Write a check to Lake County Treasurer, and mail to the address below.
Lake County Treasurer
18 N County Street, Room 102
Waukegan, IL 60085
To reach the Lake County Treasurer by phone: 847-377-2323
You should write “prepayment” and your Property Index Number (PIN) on the check. If you don’t know your PIN or can’t locate it, you can search for it here.
When to prepay by?
Payment must arrive at the Treasurer’s office between 12/01/2017 and 12/29/2017. No postmarks are accepted.
What to expect in the spring?
In the spring of 2018, you will receive a bill from Lake County for the amount you owe (it will state the entire amount and not reflect any prepayments). Approximately 10 days later you will receive a letter reflecting what you already have paid.
Cook County of Illinois
How much can you prepay?
Cook County residents need to request a bill that will tell them how much can be prepaid. It should be the same as the 2016 second installment.
How do you request your bill?
In order to receive the previously mentioned bill you will need to follow the steps below:
Go to the Contact Us by Email page on the Cook County Treasurer’s website.
Choose “Prepayment Program” from the drop-down menu.
Click on the “EMAIL US” link.
You will be taken to a Contact Us form. Please fill this form out and press submit. (If you don’t know your PIN or can’t locate it, you can search for it here.)
Submitting this form will generate a bill that will be mailed to you (as mentioned earlier). The bills are expected to be mailed by 12/07/2017.
How do you prepay?
Cook County gives you three ways to pay your bill:
At a local Chase branch
Online
By mail at the address below:
Cook County Treasurer
PO Box 805438
Chicago, IL 60680-4116
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Re: Property Tax Prepayment Instructions for Illinois

Postby chicagotech » Thu Dec 28, 2017 12:25 pm

地税预付信息更新,欢迎指正。
GMA 新闻今早说:如果你的地税是$20,000, 根据各州情况你或许可以减税$3,000 到$8,000.
有同学问:如果地税少于$10,000, 是否就没有必要提前预付?
林然解读:预付地税减税跟地税多少无关,而与你是否用Itemized and standard deduction 有关。比如你的地税不到$10,000,今年预计用Itemized,明年用standard,预付会减2017的税。
还有同学问:星期三IRS Notice: “filers could claim their 2018 property tax payment on their 2017 federal taxes only if the taxes had been assessed in 2017”如何理解?
林然解读:这要视各州情况而定。伊州Lake County 一般在当年秋季完成assessments,预付2018的地税实际上是2017的地税。 quoted:“ In Lake County, township assessors complete their assessments in late summer through the fall”。
其他伊州Lake County预付地税的更新:

• Lake County accepts online payment: Our online payment option is now available for Pre-Payments
• Prepayments can be made for Tax Year 2017 normally due and collected in Calendar Year 2018
• We are accepting Prepayments through December 29. Prepayments received by mail postmarked December 29 or earlier will be accepted.
• There will be a drop box outside the North Entrance of the county courthouse where payments may be left until December 29th. The box will be emptied regularly.
• Receipts will be given to taxpayers who pay in person and will be mailed to taxpayers paying by mail, electronically or via the drop box.
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Re: Property Tax Prepayment Instructions for Illinois

Postby blin » Thu Dec 28, 2017 1:58 pm

Cook country Treasurer Maria Pappas told the Chicago Tribute that Cook Country homeowners would qualify for a higher deduction by prepaying property taxes.
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Re: Property Tax Prepayment Instructions for Illinois

Postby chicagotech » Thu Dec 28, 2017 6:24 pm

DuPage County update

"Because DuPage County is not accepting electronic payments, property owners must pay in person at the county treasurer's office in Wheaton, Treasurer Gwen Henry said. The deadline is 4:30 p.m. Friday, when the office closes."... "The prepayments must be recorded by the treasurer's office by Friday, the last business day of the year. A postmark doesn't count."...
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