Due to technical issues at the Assessor’s Office (“AO”), the AO missed a deadline to get reports to the Illinois Department of Revenue in a timely fashion. These reports are part of the process of finalizing the assessments and the second installment tax bills. Second installment tax bills are typically […]
The deadline to apply for 2024 property tax exemptions is Monday, April 21, 2025. Eligible taxpayers that apply for exemptions will receive a reduction in the assessed value of their property. Some examples of exemptions include the Homeowner Exemption, the Senior Exemption, the Low-Income Senior Assessment Freeze Exemption, and the […]
The Cook County Assessor’s Office has started releasing the 2025 proposed assessments. This means it is time to start thinking about 2025 property tax appeals. For north suburban properties, 2025 is a reassessment year. Taxpayers who own or lease properties in the northern suburbs can expect to receive a reassessment […]
First installment property tax bills were mailed by the Cook County Treasurer as of February 2, 2025. Payment must be made by March 4, 2025 before interest penalties begin to accrue. The first installment for the 2024 taxes paid in 2025 will be equal to 55% of the total 2023 […]
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 […]