Aerial view of 18th Street in the Pilsen neighborhood of Chicago on Oct. 15, 2020.
Cook County property tax bills are starting to hit mailboxes, with taxpayers getting an extra month to pay their first installments this year. The first installment — 55% of a property owner’s total tax bill from the previous year’s assessment — for tax year 2022 are due before 11:59 p.m. April 3.State lawmakers extended the due date from March 1 because second installment bills were delayed last year, with Cook County residents receiving them four months late and bills coming due Dec. 30 instead of Aug. 1.after receiving their bills last year, as new assessments that took place in 2021 hit Chicago residents’ bills in 2022.
There are various reasons a property tax bill can increase, such as home values going up in a community due to development. Local governments can also increase their tax levies to help pay for operations or to make up forLast year’s bills also reflected a reversal of the COVID-19 adjustment Cook County Assessor Fritz Kaegi applied to 2020 property values, which led to lower property tax bills in 2021 but an even bigger jump in 2022 bills after properties in Chicago were reassessed.
Many quickly-gentrifying Latino communities on the North and Northwest sides saw the largest increases, while many Black neighborhoods on the South and West sides saw big drops in their bills.
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