South suburbs saw most property tax pain
COOK COUNTY, Ill. – Almost a quarter of a million Cook County homeowners have recently seen their property tax bills spike by 25% or more in a single year, according to new data released by the Cook County Assessor’s Office.
The typical homeowner with a spike saw their tax bill go up by $1,700. In total, these 240,000homeowners paid close to $500 million more in property taxes as a result of the increases. The data is available at https://www.cookcountyassessor.com/historical-analysis-property-tax-spikes-2021-2023.
“This data quantifies what so many families have already experienced: being suddenly saddled with much larger tax bills. Homeowners budget responsibly based on predicted increases, but the larger property tax system doesn’t provide predictability,” said Cook County Assessor Fritz Kaegi…