Transfer Of TitleTaxesMEDIUM
Illinois property taxes are paid:
Correct Answer
C) In arrears, typically in two installments
Illinois property taxes are paid in arrears, typically in two installments. Taxes assessed for one year are paid the following year.
Answer Options
A
MonthlyB
QuarterlyC
In arrears, typically in two installmentsD
In advance annuallyAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
closing-disclosurestitle-examinationescrow-accounts
Key Terms:
property taxes in arrearsIllinois property tax installmentstax proration35 ILCS 200county tax collector
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