Monthly Archives: June 2015

Cook County Property Taxes Increasing & 3 Hard Truths

Cook County Property Tax Increase 2015Cook County property tax bills are expected to be released on July 1, 2015. According to the Chicago Tribune, they’re expected to go up by $90 per home on average. Here’s how the increase stacks up based upon what township you’re located in:

  • Chicago: property taxes on a home with a market value of $199,000 will increase $90 from $3,237 in 2014 to $3,327
  • Northern Cook County suburbs: property taxes on homes with a market value of $263,000 will rise to about $6,544 from $6,389
  • Southern Cook County suburbs: property taxes will go down about $51 on average, so the bill on a $163,000 home will be about $4,850 this year from $4,901 in 2014
  • Individual bills in specific suburbs will vary according to Cook County Clerk David Orr
  • As always, a variety of homeowner tax exemptions are available

Three Hard Truths

Property taxes have not declined

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What Is a Property Tax Assessment?

What is a property tax assessment?Because what you pay in property taxes is usually in the thousands, it’s important to understand what a property tax assessment is and how to ensure that it’s fair.

Why You Pay Property Taxes

Counties use property taxes to fund local school districts, police and fire departments, water reclamation districts

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Cook County Notice of Discovery: Who’s Responsible & Not

Cook County Assessor Notice of DiscoveryMany homeowners are unaware that a law referred to as “Erroneous Exemptions Statute” was recently passed allowing Cook County to go after property owners that have erroneously claimed homeowner exemptions in past years. This blog post will help you understand if this law applies

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