With the intention of studying a potential payment plan program for owner-occupants to repay delinquent property taxes, Governor JB Pritzker signed into law a bill crafted by State Senator Robert Peters (D-13th) to create the Property Tax Payment Plan Task Force.
“Cook County’s annual sale of delinquent property taxes puts people at risk of losing their homes if they fall behind on their property taxes,” said Peters.
State Senator Robert Peters wants to stop tax scavengers from taking people’s homes because of delinquent property taxes.
Peters’s new law creates the Property Tax Payment Plan Task Force to study a potential payment plan program for residents to repay delinquent property taxes and make recommendations for implementing one or more payment plan options in Cook County. The task force will issue a report by Wednesday, Nov. 15, which will take into account the payment plan’s impact on homeowners, taxpayers, local agencies responsible for collecting property taxes, and local taxing districts.
“Some people are losing their homes despite owing less than $1,000,” said Peters. “This new task force will illuminate the problems with the current property tax payment system and help local agencies develop ways to partner with homeowners to ensure payment of property taxes instead of taking advantage of people in tough financial situations.”
For more information, log onto www.senatorrobertpeters.com.