Treasurer's Office

June 27, 2008

DeKalb County Treasurer Christine J. Johnson’s office made the second distribution of DeKalb County real estate taxes on June 27, 2008.

Of the $168,712,344.74 to be collected, $83,566,301.67 or 49.5 % has been collected and distributed to date.  “By law the first tax distribution is not required to be made until within thirty days after the first installment due date, which would be the first week in July.  We have done two distributions prior to the time the first one is required by law.  We are hopeful that these early distributions will assist the taxing districts, especially the school districts, with their cash flow,” Johnson said.

Of that $83,566,301.67, $9,495,446.29 has been distributed to DeKalb County and Forest Preserve District, $3,761,072.67 has been distributed to townships and township road and bridge districts,  $1,742,450.96 has been distributed to libraries, $5,781,927.08 has been distributed to cities and villages, $1,653,327.42 has been distributed to fire districts, and $3,030,083.30 has been distributed to park districts.  School districts have received $48,169,733.92; community colleges have received $5,433,770.34; TIF districts have received $4,445,687.42; and drainage districts have received $52,802.27.

Distributions are made to the taxing bodies electronically now. “We have found electronic funds transfer to be a very efficient and cost-effective method of distributing taxes,” says Johnson.  “This is a convenience for the taxing bodies saving them time and effort as their tax distributions are deposited directly into the bank accounts they specify.   They find it particularly helpful as their funds are available for their use immediately.”  Johnson also points out that there are costs in savings for her office as well.  “Tax distribution by electronic fund transfer eliminates the staff time and paperwork associated with lost checks, and speeds the bank reconciliation process.”

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