Cook County Property Tax Bill: Understand Your 2023-2024 Notice

Cook County's Property Tax System

Cook County, Illinois, is responsible for assessing and collecting property taxes on behalf of various taxing bodies, including the City of Chicago, Chicago Public Schools, and Cook County government. The taxes collected fund essential services such as education, infrastructure, and public safety.

First Installment Due March 1, 2023

Cook County property owners received their 2023-2024 property tax bills in early January 2023. The first installment is due on March 1, 2023, and the second installment is due on June 1, 2023. To avoid penalties and interest charges, it is crucial to make timely payments.

Calculating Your Property Tax

Your property tax bill is determined by multiplying your property's assessed value by the tax rate set by the taxing bodies. The assessed value is an estimate of the fair market value of your property as determined by the Cook County Assessor's Office. The tax rate is calculated by dividing the total amount of revenue needed by the taxing bodies by the total assessed value of all properties in Cook County.

Common Questions About Your Bill

• What is the assessed value of my property?
  Visit the Cook County Assessor's website or contact their office to obtain this information.

• How can I appeal my assessed value?
  You can file an appeal with the Cook County Board of Review. The deadline for filing an appeal is May 2, 2023.

• What are the exemptions and deductions available?
  Cook County offers various exemptions and deductions that can reduce your property tax bill. For example, senior citizens and disabled individuals may qualify for a homeowner exemption.

• Can I pay my property taxes online?
  Yes, you can pay your property taxes online at the Cook County Treasurer's website: https://cookcountytreasurer.com/.

Common Mistakes to Avoid

• Ignoring your property tax bill: Failure to pay your property taxes on time can result in penalties and interest charges.

• Not filing an appeal: If you believe your property is overvalued, do not hesitate to file an appeal with the Cook County Board of Review.

• Falling for scams: Beware of individuals or companies who offer to lower your property taxes for a fee. The Cook County Treasurer's Office does not charge any fees for such services.

Payment Options

Cook County offers several payment options for property taxes:

• Online: Pay online using a credit card, debit card, or electronic check.
• By mail: Mail your payment to the Cook County Treasurer's Office address included on your bill.
• In person: Visit any Cook County Treasurer's Office location to pay in person.

Understanding Your Tax Bill

Your property tax bill provides a detailed breakdown of your property taxes, including:

• Assessed value
• Taxing bodies
• Tax rates
• Exemptions and deductions
• Total amount due

It is important to review your bill carefully and ensure that all information is correct. If you have any questions or concerns, do not hesitate to contact the Cook County Treasurer's Office for assistance.

Contact Information

Cook County Treasurer's Office
118 N. Clark Street, Room 212
Chicago, IL 60602
Phone: (312) 443-6760
Email: [email protected]

Additional Resources

• Cook County Assessor's Office: https://www.cookcountyassessor.com/
• Cook County Board of Review: https://www.cookcountyboardofreview.com/
• Cook County Treasurer's Office: https://cookcountytreasurer.com/

Table 1: Cook County Property Tax Levy History

Table 2: Tax Rates by Taxing Body (Chicago)

Table 3: Property Tax Relief Programs

Table 4: Common Payment Methods

Disclaimer:

The information provided in this article is for general guidance purposes only and should not be considered tax advice. For specific tax-related questions, it is advisable to consult with a qualified tax professional or the Cook County Treasurer's Office.