Harvey mayor aims to freeze property taxes after residents get huge bills
Harvey Mayor Christopher Clark said despite the city facing a large budget deficit, it can hold some taxes steady for the next year.
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Harvey Mayor Christopher Clark said despite the city facing a large budget deficit, it can hold some taxes steady for the next year.
As Cook County residents face large increases in their property tax bills this year, one south suburban mayor wants to guarantee his city won't raise taxes next year and urged other municipalities to follow suit.
As Cook County residents face large increases in their property tax bills this year, one south suburban mayor wants to guarantee his city won't raise taxes next year and urged other municipalities to follow suit.
A reassessment done by the Cook County Assessor's office has led to the increases along with levies in various communities for things like schools, libraries, and parks.
Homeowners in the south suburbs said the property tax increase is a huge burden for them because the cost of basic necessities are skyrocketing. CBS 2's Suzanne Le Mignot reports.
A reassessment done by the Cook County Assessor’s office has led to the increases along with levies in various communities for things like schools, libraries, and parks. CBS 2's Suzanne Le Mignot reports.
The second installment for tax year 2023 is due August 1.
In 2023 south suburban property taxes are up just shy of 20% on average, setting a new record. In two towns, Dixmoor and Phoenix, tax bills have more than doubled.
They're being sent out that same week. The second installment for tax year 2023 is due August 1. This marks the first time in two years that Cook County officials have mailed both installments for a property tax year on time.
Cook County Treasurer Maria Pappas said low turnout in recent elections means a fraction of voters have a say on referendums that impact everyone's bottom line.
A minority of voters have decided on multiple property tax-related referendums in recent elections, according to a study by Cook County Treasurer Maria Pappas.
The decision wasn't final as the Bears and three school districts in the Arlington Heights area have until Saturday to negotiate a lower valuation.
The Chicago Bears lost the latest round in the team's fight to lower the property tax bill for the proposed site in Arlington Heights. The Daily Herald reported the Cook County Board of Review ruled in favor of the existing valuation of the former Arlington Park Racecourse, meaning the Bears would have to pay about $15 million in property taxes.
The monthly rate of interest charged on late payments will also drop – from 1.5 percent to 0.75 percent.
The monthly rate of interest charged on late payments will also drop – from 1.5 percent to 0.75 percent.
It's the first time since 2021 that Cook County has sent out annual property tax bills on time.
Treasurer Maria Pappas announced Tuesday that she is sending more than $30.5 million in automatic refunds to owners who overpaid their property taxes.
About 9,000 property owners who overpaid on their First Installment taxes last year will be getting the refunds, Treasurer Maria Pappas' office said.
Latino homeowners make up the majority of the neighborhood. They saw their tax bills skyrocket an average of 46% late last year.
For months, CBS 2 has been tracking skyrocketing property taxes in Pilsen. Homeowners are demanding relief. On Wednesday, we learned some families are seeing a break, but most living there said it's still not enough. CBS 2's Andrew Ramos had the story.
Some residents say they've seen property taxes double in recent years, and organizers say it's time to take a stand.
The renovated and ADA accessible office will help people file their property tax saving exemptions and appeal applications.
The Cook County Assessor's Office reopened its Bridgeview office Monday morning. The renovated and ADA accessible office will help people file their property tax saving exemptions and appeal applications.
On Thursday, a coalition led by the Chicago Community Trust will join legislators, developers, and affordable housing advocates to talk about reforms to the state's property tax sale system.
Ready or not, the first installment for property tax bills in Cook County are due.This follows months of protests and pushback from Pilsen homeowners. CBS 2's Andrew Ramos went looking for answers.
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For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
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