People around Central Illinois will soon be getting tax bills.  Good news! If you have an escrow account with INB, we’ll take care of the payment for you. If you don’t have an escrow account, there’s still some good news: You can make your payment at any INB location in the county where your taxes are due. 

Piggy bank with a house

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 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 we handle the payments with the county.  Like I tell my clients, “You’re going to pay the piper one way or the other. Why not do it this easy way?”

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

I recommend all my clients set up escrow accounts.  INB typically sets the accounts up at the time of a mortgage closing, but we can open an escrow account 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.

If You Don’t Have an INB Escrow Account, We Can Still Help

INB helps make the process of paying your property taxes a little less painful by serving as payment locations.  You can use our drive-thru facilities or stop into any of our bank lobbies during normal business hours between now the dates below, and we’ll make sure your first installment gets credited.

Champaign – due May 1

McLean – due June 3

Peoria – due June 4

Sangamon – due June 7

Logan – due June 15

We Make Payments 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 original tax payment coupon. INB staff do not have access to county records.
  2. Write your check out ahead of time. Make checks payable as described on the county’s coupon.
  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.

You can even make payments with a credit or debit card on the county websites.