[Katie Smith – firstname.lastname@example.org]
Property taxes for 2017 are due in two installments this year: one in June and the other in September. In past years, very few McHenry County residents paid their property taxes early.
In 2014, 40 McHenry County residents prepaid their property taxes, coughing up a total of $363,000. In 2015, that number jumped to 65, bringing $824,300 to the treasurer’s office. In 2016, 54 people paid $650,979.
As of Friday morning, Miller had deposited $3.4 million in early property taxes in the bank, with an additional $5 million ready to be deposited. As of Friday night, Miller and her staff still had boxes and piles of checks and paperwork to process.
Miller expected the total of prepaid McHenry County property taxes to reach between $15 million and $20 million.
That money will sit in a bank account with 0.49 percent interest until it’s time to distribute that money to tax districts, which include schools, townships, villages and local authorities.
“We’ve been swamped,” Miller said.