The good news – it is a beautiful day in Northwest Illinois.
The bad news – The first installment of your 2012 real estate tax bills are due (or were due) as follows:
Carroll County – July 5, 2013
Jo Daviess County – July 9, 2013
Ogle County – June 14, 2013
Stephenson County – June 28, 2013
Winnebago County – June 14, 2013
Remember if you are late in paying your taxes, you will pay interest at the rate of 18% per annum! The Illinois legislature increased the rate from 12% per annum years ago when interest rates were high. Of course, they have not lowered the penalty rate. Based on present interest rates at banks of .1%, 4% would be excessive. If an individual charge 18% it might be called criminal! Another example of Illinois corruption.