According to an April report from the local PBS affiliate wttwThis delay was not strategically planned like the deadline delays during the pandemic, which were intended to help those who had fallen behind on their mortgage payments due to unemployment and other factors.
Instead, this was the result of infighting between two Cook County officials who are responsible for determining property values in the county.
In 2021, the new Cook County Assessor, Fritz Kaegi, used a different formula than his predecessor to determine property values in the region, which led to internal disagreements. Cook County officials re-evaluate these assessments every three years.
Typically, property tax bills would have been mailed in June and July, with a due date of August 1. Now, according to a new article from Axios ChicagoThe second installment of the 2021 Cook County property taxes is not expected to be due until December 1, with a due date of December 31.
The obvious problem here is that if property taxes are delayed further to 2023, or if there are delivery issues, Chicagoland residents will not be able to cancel their 2022 income tax payments.
Visit to the officer Cook County Assessor’s Office website if you have questions.
Cook County, which includes Chicago and the surrounding suburbs, has a population of 5.17 million as of the 2020 United States Census. The county is home to Over 40% of all Illinois residents.
If you are interested in buying a property in the Cook County Tax Sale, the event will take place on November 15 with over 55,000 properties on the docket.
What do you think about the Chicago property tax debacle?
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