Many south suburban homeowners face record-high property tax increases: Cook County treasurer

A study done on Cook County property taxes shows many south and southwest suburban homeowners are facing record-high increases, the treasurer said.The median bill went up more than 19% in the south suburban region, which was also recently reassessed.In 15 of those suburbs, taxes soared 30% or more.

Pappas said the residential home increases are due to the COVID-19 assessment reduction ending, higher home prices and businesses successfully appealing their assessments. Homeowners in Park Forest were particularly hard hit: The median residential bill rose by 56% to $7,152. In Dixmoor, the median bill increased by 122%, to $1,950. And, in Phoenix, where nearly all of the village is in a tax increment finance district, the median bill shot up by 107% to $1,744, the news release said.

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