A new analysis from the Cook County Treasurer’s Office found median tax bills countywide are rising by 19.9% compared to last year, the largest jump in the last 29 years.
Historic property tax increases will hit south suburban homeowners’ mailboxes in the coming weeks, according tofrom the Cook County treasurer’s office that found median tax bills there are rising by 19.9% compared with last year, the largest jump in the last 29 years.
The village is split between Cook County and Will County. Woods said the difference in taxes is stark depending on which side of the border people live. “You can clearly see it’s the same house,” Harris said in an interview Wednesday. “How can mine be assessed at so much more?” Countywide, property owners are paying $700 million more in taxes, a 4% increase compared to last year, just below the 4.1% rate of inflation.
Kaegi’s valuations are another major factor. The south suburbs just went through their triennial reassessment last year, where homes and businesses were assigned fresh values by the assessor and where property owners could appeal those values to the county’s Board of Review. Other fresh elements came into play for bills this year. Thanks to those rising home values, nearly 4,200 south suburban homeowners who were previously receiving enough tax breaks via exemptions to pay $0 in taxes will have a bill this year. Those bills will range from just a few cents to nearly $11,000.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Illinois Man Accused of Throwing Big Gulp at Cook County State’s Attorney Kim FoxxSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
20 Chewy Products For Large Dog OwnersOur big dogs should give us big lovin', not big headaches.
Read more »
Cook County Assessor to correct thousands of property tax assessment errors in south, west suburbsThe Cook County Assessor is planning to correct thousands of assessment errors in the south and west suburbs after I-Team reports about mistakes and high increases in property tax assessments.
Read more »
Cook County Commissioner Dennis Deer dies at 51, family saysDr. Dennis Deer, who had served on the Cook County Board of Commissioners since 2017, has died at the age of 51, his family announced Monday.
Read more »
Cook County Commissioner Dennis Deer dies at 51, family saysArticles and videos about Cook County Commissioner Dennis Deer dies at 51, family says on FOX 32 Chicago.
Read more »
Cook County Commissioner Dennis Deer dies at age 51Deer was appointed to the 2nd District Cook County Board seat in 2017.
Read more »