Property Tax Payments Taken at INB Illinois Locations

5/31/2019

By: Kathy Greer

Senior Vice President, Retail Executive Manager

house of moneyThe first installment of your Sangamon county tax payment is due Friday, June 7. You can make the payment during regular bank hours via the drive-up or inside any INB branch in the county which you reside. For example, Sangamon County payments may only be made at our Sangamon County facilities.

INB began serving as a tax-payment location in 2015 at the request of the Sangamon County Treasurer. That first year we accepted 7,000 payments. In 2018, we accepted 11,100.

We are now accepting tax payments for the Illinois counties listed below. You must make the payment by the due date; after the due date, you will need to visit the appropriate, local, county office. For your reference, here are links to each county’s property tax payment information and first installment due date:

We cannot accept property tax payments at our Chesterfield, Missouri - Loan Production Office.

We Make Payment Easy

To make sure you’re in and out of the bank or drive-up as quickly as possible, do three things:

  1. Bring in your tax payment coupon. INB staff do not have access to county records.
  2. Write your check out ahead of time.
  3. Don’t wait until the last minute! The day payments are due has traditionally been a busy day even though our branch managers and other bank staff step in to help.

Never Write another Property Tax Check: Set up an Escrow Account

If you’re an INB mortgage customer, you can avoid writing this annual check or worrying about how to make your payment by setting up an escrow account. An escrow account is a free way for you to set aside the money for your property taxes, and then INB handles the payments with the county.

To help everyone understand exactly how an escrow account works, we developed this short video.

Escrow Introduction Doodle video

INB typically sets the escrow account up at the time of a mortgage closing, but we can open one at any time. All it takes is a phone call to get the process started. In either case, you establish your account with an escrow deposit as explained in the video.

Once the account is established, you don’t do anything but make your mortgage payments. We monitor the account, make payments your account is designed to cover, and send you an analysis each year.

For more details on how an escrow account works, check out these blog posts:

What is Escrow?

Escrow Amount Changing

Or, call any INB mortgage loan officer.


All Posts