An analysis of Cook County’s property tax bills for 2022 reveals that the increased costs have heavily impacted school districts. According to Treasurer Maria Pappas, the median residential tax bill in the northern suburbs saw a $331 million, or 15.7% increase. This marks the most significant increase in at least 30 years.
With the reversal of COVID-era adjustments and a newly added provision in the Illinois tax code, taxing bodies are able to recover money from property owners, resulting in increased bills affecting homeowners. Pappas said that these tax hikes are primarily due to school districts. The districts have shown to be responsible for a significant portion of total bills, needing more money to operate.
The second installment of the 2022 tax bills will be distributed on Wednesday, November 1, and are due Friday, December 1.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.