The office of Cook County Clerk, David Orr, announced the 2015 Cook County property tax rates this afternoon. Chicago residential property owners should see a 12.8% increase in their tax bills. The northern and southern suburbs will increase by approximately 1.7% and 2.1% respectively.
Also of note:
- The 2015 average tax rate for Chicago is 6.867%.
- The average Chicago property tax bill will increase from $3,220.32 in 2014 to $3,663.19 in 2015.
- Chicago Equalized Assessed Values rose 9.3% from tax year 2014 to 2015.
- 2015 marks the first time that the total tax billed in the City of Chicago will exceed $1 billion.
Cook County 2015 second installment property tax bills are expected to mail around July 1, 2016 with payment due on August 1, 2016.
For legal questions regarding property taxes, including appeals, please contact Jacob Shapiro (email@example.com) or Justin Strane (firstname.lastname@example.org).