EVENTS

OFFICE OF THE COOK COUNTY TREASURER
Maria Pappas

First Installment due March 2; late fees waived through May 3

Pappas: Get an early look at next year’s property taxes;
Download your bill at cookcountytreasurer.com.

Next year’s First Installment Cook County property tax bills are available at
cookcountytreasurer.com so that property owners can make payments before the end of
this year or plan their finances for 2021, Treasurer Maria Pappas said today.
The First Installment Tax Year 2020, which is 55 percent of the previous year’s total tax,
is due March 2, 2021. However, the Cook County Board last week waived late charges
through May 3, 2021.

“People need more time to pay. That’s the bottom line,” Pappas said. “By posting the bills
to my website now, property owners can start thinking about how to pay their bills for
2021, which is going to be a hard year for many, many people.”

You can download your tax bill or make a payment by visiting cookcountytreasurer.com
and following these steps:
• Select the blue box labeled “Pay Online for Free”
• Enter your address or 14-digit Property Index Number (PIN)
• There is no fee if you pay from your bank account
The Treasurer’s Office accepts partial payments. However, all First Installment Tax Year
2020 taxes must be paid by May 3, 2021, to avoid a late charge of 1.5 percent per month
mandated by Illinois law.
You can also use cookcountytreasurer.com to:
• Search $76 million in available refunds
• Check if you are missing out on $46 million in property tax exemptions, which lower
your tax bill
• Read the Pappas Study, a 20-year history of Cook County property taxes

OFFICE OF THE COOK COUNTY TREASURER
Maria Pappas

On May 12, 2022, Cook County Treasurer Maria Pappas will begin
the sale of unpaid 2019 property taxes that were originally due in
2020.
Property owners can avoid the Annual Tax Sale by paying the
delinquent taxes and interest before the sale begins.
• To see if your taxes are delinquent – and to make a payment
– visit cookcountytreasurer.com and select “Avoid the Tax
Sales.” You can search by address or by Property Index
Number.
• About $219 million in unpaid 2019 property taxes is due on
44,741 homes, businesses and land.
“Unpaid taxes are found in all communities, but almost 79% of the
taxes offered for sale are for properties in Black and Latino
communities,” Pappas said.
“Property owners should visit cookcountytreasurer.com to see if
they are receiving all possible exemptions to pay only what they
owe,” Pappas said.
Tax buyers interested in participating in the sale should visit
cooktaxsale.com to register for the sale or purchase a list of
properties with delinquent taxes. Registration will be open from
March 25 to May 2, 2022.

Analiza računa za porez na imovinu okruga Kuk od 1,8 miliona za 2022. pokazuje da su školski okrugi uglavnom odgovorni za velike poreske račune koji dospevaju 1. decembra, kaže blagajnik Marija Papas.

Srednji račun za boravišnu taksu u severnim i severozapadnim predgrađima povećan je za 15,7%, što je najveći procenat povećanja u najmanje 30 godina, pokazala je analiza. Ovi veći poreski računi su rezultat povećanih nameta ¬¬— iznosa novca koji traže poreski okrugi — i prebacivanja poreskog tereta na vlasnike kuća sa preduzeća kao rezultat ponovnih procena u severnim predgrađima.

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Pappas: School districts hiked property taxes on Cook County homes, businesses

An analysis of Cook County’s 1.8 million property tax bills for 2022 shows that school districts are chiefly responsible for hefty tax bills that are due Dec. 1, according to Treasurer Maria Pappas.

The median residential tax bill in the north and northwest suburbs increased 15.7%, the largest percentage increase in at least 30 years, the analysis found. These higher tax bills are the result of increased levies ­­— the amount of money sought by taxing districts — and a shift of the tax burden onto homeowners from businesses as a result of reassessments in the northern suburbs.

Treasurer’s Office researchers Hal Dardick and Todd Lighty led the analysis. Pappas hired the former Chicago Tribune investigative journalists to head up her office’s think tank. The analysis is the latest addition to the Pappas Studies, a series of examinations of the complex property tax system available at cookcountytreasurer.com.

Key findings of the analysis show:

• Of 940 taxing agencies in the county, 676 — or 71.9% — increased taxes.

• The amount of taxes billed to property owners countywide rose more than $909 million from $16.7 billion to $17.6 billion, a 5.4% increase over 2021. Homeowners are shouldering $599.1 million, or two-thirds of the increase, while commercial properties are picking up one-third and owe an additional $314.4 million.

• In newly reassessed north and northwest suburbs, taxes rose $331 million — with a $387 million, or 12.9%, increase on residences and a $56 million, or 2.7%, decrease on commercial properties.

• In the south and southwest suburbs, taxes rose $173 million from $3.88 billion to $4.06 billion. Residential taxes increased $98 million, or 4.1%, from $2.4 billion to $2.5 billion, while taxes on commercial properties increased $75 million, or 5.1%, from $1.48 billion to $1.56 billion.

Cook County is divided into three areas for reassessments: the city of Chicago, north suburbs and south suburbs. The county assessor calculates new values for properties in each region once every three years, a process known as triennial reassessments.

Property values are one factor in the complex property tax system. Local units of government set tax levies that determine how much money they need to operate. The assessed values of properties and amounts of levies determine the tax rates, which vary widely among communities.

State law allows school districts to hike taxes by the prior year’s increase in the consumer price index, or 5%, whichever is less. Because the CPI increased by 7% in 2021, school districts were allowed a 5% increase. But the overall percentage increase was higher, partly due to a new provision called recapture.

Recapture, which took effect in the 2021 tax year due to a change in state law, allows schools and other taxing bodies to recover money that was refunded to property owners whose assessments were lowered by the Illinois Property Tax Appeal Board, state courts or county offices.

Recapture accounted for $203.7 million countywide for 2022, a $72.7 million increase from last year.

Significant increases in the amount of money the city of Chicago and Chicago Public Schools said they needed to operate, coupled with the recapture provision and higher tax increment financing district bills, boosted the overall property tax burden in Chicago by $410 million from $7.65 billion to $8.1 billion. That broke down as a $296 million, or 7.8%, increase on commercial properties and a $115 million, or 3%, increase on residential properties.

Chicago Public Schools recaptured $50.8 million for the 2022 tax year. As a home rule municipality, the city of Chicago is unable to recapture taxes, as the state law applies only to non-home rule communities.

The Treasurer’s analysis revealed that throughout Cook County in 2022, the amount owed to tax increment financing districts increased $124.6 million from $1.43 billion to $1.56 billion. TIF district increases account for about 13.7% of the overall rise in what property owners across the county owe.

Second Installment 2022 tax bills are set to be mailed Nov. 1 and are due Dec. 1. Property owners who don’t wait to wait for their bills to arrive in the mail can pay their taxes online now at cookcountytreasurer.com. Partial payments are accepted.

https://cookcountytreasurer.com/pdfs/taxbillanalysisandstatistics/taxyear2022analysis.pdf

Cook County property owners have no need to wait for their next property tax bills to arrive in the mail to find out how much they will owe by the March 1 due date, Treasurer Maria Pappas said today.

Taxpayers can visit cookcountytreasurer.com to view, download and prepay their First Installment 2023 property tax bills.

Property tax bills are divided into two annual installments. The First Installment, which is 55 percent of the previous year’s total tax, is due March 1, 2024. By providing an early look at the bills, property owners can plan their finances or make payments before the end of the year.

“A lot of bills come due after the holidays,” Pappas said. “By posting First Installment bills online months before they are due or even mailed we strive to help people manage their household budgets and plan accordingly.”

The Treasurer’s Office expects to mail First Installment 2023 bills to owners of about 1.7 million properties around Feb. 1.

Visiting cookcountytreasurer.com and follow these steps to download your tax bill and make a payment:

• Select the blue box labeled “Pay Online for Free”
• Enter your address or 14-digit Property Index Number (PIN)

There is no fee if you pay from your bank account. The Treasurer’s Office accepts partial payments but First Installment taxes must be paid by March 1 to avoid a late charge of .75 percent per month, as mandated by Illinois law.

You can also use cookcountytreasurer.com to:

• Search $93 million in available refunds.
• Check if you are missing out on $57 million in property tax exemptions, which lower your tax bill.