Cook County recently mailed the 2009-second installment tax bills.  These bills will be due and payable on December 13, 2010.

You may recall the 2009 1st installment bill was payable on March 1, 2010 and was an estimated bill (55% of last year's bill).  The balance due for 2009 is reflected on the 2nd installment bill recently mailed.
 
If the 2009 bill is higher than 2008, it may be the result of:

  • a record 13.4% increase in the Cook County equalizer;
  • an increase in the local tax rate;
  • a decrease in the homeowner exemption because the 7% assessment cap is being phased down by State statue and/or;
  • an increase in the assessment (Chicago was re-assessed for the 2009 tax year).

The computation of the 2009 taxes will appear on the right-hand side of the second installment tax bill.  Unit Owners should be sure to verify they have obtained all exemptions they are entitled to.  If they have not received all exemptions they are entitled to, they will need to contact the Cook County Assessor's Office to correct this.

Courtesy of Elliott & Associates, P.C.
Real Estate Tax Appeals

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