The 2022 tax rates are now available on the Cook County Clerk’s website. Below is our analysis of the city’s main tax rates for 2022. Tax bills should be mailed by November 1, 2023, with payment due December 1, 2023. 2022 STATE EQUALIZATION FACTOR: 2.9237 2021 STATE EQUALIZATION FACTOR: 3.0027 […]
Category: Real Estate Tax
On July 29, 2021, Governor JB Pritzker, approved House Bill 2621 which was codified as Public Act 102-0175 (“Act”). The Act creates several property tax incentives to facilitate the development of affordable housing in Cook County. The application portal for these programs is now open (link here: Affordable Housing Programs […]
Property owners should note, the 2020 first installment real estate tax bill was due on March 2, 2021. Per an ordinance passed by the Cook County Board, late charges were waived by the County if the 2020 first installment tax bills were paid by May 3, 2021. The first installment […]
Commercial property owners must consider a variety of issues when analyzing their potential return on an investment. While acquisition costs and financing terms often take center stage, it is critical not to overlook the potential impact of property taxes. This is a serious problem, as fluctuations in property taxes can […]