Tag Archives: property taxes

Where Do Cook County Property Taxes Go?

The second installment of property tax bills are out now. Where does your money go?

Cook County Property Taxes from 2000-2010

Where do Cook County property taxes go?According to findings by The Heartland Institute, Cook County property tax collections rose from $7.89 to $11.69 billion (a 48% increase) from 2000 to 2010, which is twice the rate of inflation during

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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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