ABC 7 Chicago Report: Cook County property taxes higher in south suburbs than north; some families worry about losing home
Cook County south suburban homeowners may be shocked when they see their tax year 2023 second installment bill that is expected to be sent out on July 1, 2024, and due on August 1, 2024.
In tax year 2023, all properties in the Cook County south suburbs were reassessed. This report from ABC 7 Chicago shares a few personal stories about expected increases in tax bills and the homeowners’ concerns. The report further explains the discrepancy in tax rates between the south suburbs and other areas in the County. “If [her] house was located in neighboring Park Forest, where combined local taxes create a rate as high as 43%, her bill would be $56,000. If she lived in the north suburb of Northfield, where people pay a local tax rate as low as 7%, she would pay only $9,000.”
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