(A) 35 ILCS 200/21-15 requires the County Treasurer and the County Tax Collector to collect interest at a rate of 1.5% per month on property tax installments that are unpaid on the day following each installment due date.
(B) The same statute further indicates that all interest received shall be paid into the County General Fund.
(C) It is in the best interest of county government for the County Treasurer and the County Tax Collector to enforce this penalty on late payment of real estate taxes in order to bring the county into compliance with state law.
(Res. 2007-12, passed - -)