"Property Tax Bills Skyrocket for Homeowners in Chicago's Northern Suburbs"
TL;DR
Homeowners in the north and northwest suburbs of Cook County are experiencing the largest property tax increase in the last 30 years, with the median residential tax bill increasing by 15.7%, according to an analysis by county Treasurer Maria Pappas' research team. The increase is attributed to a combination of factors, including the removal of COVID-19 adjustments made in 2020, a surge in housing market prices, and appeals that shifted more of the tax burden onto homeowners. Overall, property taxes across Cook County rose by $909 million, reaching $17.6 billion, a 5.4% increase from last year.
- Homeowners in Chicago north suburbs see huge property tax increase Chicago Tribune
- State estimates $1.3 billion drop in business taxes for local governments Daily Herald
- North, Northwest Suburban Cook County Homeowners See Largest Property Tax Increase in 30 Years: Study WTTW News
- Cook County property taxes spike in northern suburbs Crain's Chicago Business
- Editorial: Suburban Chicago property tax bills show big hikes Chicago Tribune
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