OFFICE OF THE COOK COUNTY TREASURER ,Maria Pappas – Information

When:
22/01/2020 – 01/03/2020 all-day
2020-01-22T00:00:00-06:00
2020-03-02T00:00:00-06:00
Where:
Information letter

Pappas: Tax relief program helps senior citizens struggling to pay Cook County property taxes

Applications for Tax Deferral Due March 1, 2020

OFFICE OF THE COOK COUNTY TREASURER Maria Pappas
Pappas: Tax relief program helps senior
citizens struggling to pay Cook County
property taxes

A program administered by the Cook County Treasurer’s Office assists senior citizens who
are hard-pressed to pay their property taxes, Treasurer Maria Pappas said today.
Seniors whose annual household income is $55,000 or less can apply to the Senior Citizen
Real Estate Tax Deferral Program for loans to cover property tax payments.
“With drug prices and utilities rising faster than Social Security payments, too many of our
elderly are forced to make difficult choices when property taxes are due,” Pappas said.
“This program is one way to ease their worries.”
The State of Illinois issues the loans, which do not have to be repaid until the property is
sold or the homeowner dies. An interest rate of 6 percent per year is charged by the state.
The maximum loan is $5,000 per year. To qualify, homeowners must be at least 65 years
old by June 1 of the year in which the application is made.
To apply:
Download the application from cookcountytreasurer.com
Submit the completed application and copies of the required documents to the Treasurer’s
Office
The deadline is March 1, 2020. Applications after that date cannot be accepted
The First Installment for Tax Year 2019 is due March 3, 2020
Homeowners must reapply every year