Recognizing the financial toll of the coronavirus and the pressing need to extend economic relief to area homeowners, Cook County Board President Toni Preckwinkle announced Wednesday plans to waive late fees on property tax payments. Under the proposed relief ordinance, interest penalties for late payments of the second installment of property taxes, which are normally due August 3, will now be postponed until October 1. Any payments made on or before October 1 for property tax second installments will be considered filed and paid on time by Cook County Treasurer Maria Pappas. Under state law, late property tax payments are charged 1.5 percent of the total property taxes owed per month, which is collected by the Cook County Treasurer. The property tax relief ordinance will be presented at the next full meeting of the Cook County Board of Commissioners scheduled for May 21.