Cook County homeowners in these 15 suburbs will pay more in property taxes: treasurer

A recent analysis from the Cook County Treasurer's Office revealed that property taxes for some homeowners in the south and southwest suburbs will significantly increase.Cook County Treasurer Maria Pappas said the median tax bill jumped a record 19.9 percent in the region after analyzing the second and final round of tax bills for the 2023 tax year.The steepest increases in homeowners' tax bills were seen in 15 southern suburbs, where taxes surged by 30 percent or more.

Residential taxes went up by $109.8 million, while taxes on commercial properties increased by $103.1 million.In Chicago, taxes saw a modest increase of 2.6 percent, primarily due to a higher Chicago Public Schools tax levy and rising bills in numerous tax increment finance districts. The treasurer's office said south and southwest suburban homeowners are being hit hard because a new assessment shifted 4 percent of the overall tax burden from businesses to them.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Many south suburban homeowners face record-high property tax increases: Cook County treasurerA new study shows that many south and southwest suburban Cook County homeowners are facing record-high property tax increases.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Big Cook County property tax hikes coming for many in south suburbsA 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.
Source: chicagotribune - 🏆 8. / 91 Read more »