The Cook County Board of Commissioners recently approved a resolution establishing the eligibility criteria for the Cook County Homeowner Relief Fund, which is a $15 million program to assist homeowners who have experienced a substantial increase on their property tax bills in recent years.
This program will provide immediate relief to residents as Cook County continues to pursue long-term property tax reform efforts at the state and local levels. These broader efforts are being led by the Property Tax Reform Group (PTAX), which includes the separately elected offices that make up the property tax system, as the County works to identify and advance system-wide reforms.
Under the direction of the Cook County Bureau of Economic Development, the Homeowner Relief Fund will provide one-time payments of $1,000 to eligible households. The application is expected to open this summer, with the payments issued shortly after…