Suffredin- For a Better Cook County  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  The first blood bank in the world was established at Cook County Hospital by Dr. Bernard Fantus in 1937.
   
     
     
     



Cook tax rates decline, but most tax bills will not

Thursday, September 18, 2008
Daily Herald
by David Beery

Newly released property tax rates for Northwest Cook County are uniformly lower, a sign of rising property assessments since 2004 even though home values recently have flattened or declined.

Cook County Clerk David Orr's office released 2007 rates Wednesday for all county taxing units, a prelude to County Treasurer Marie Pappas mailing homeowners the second installment of this year's property tax bill.

Throughout the Northwest suburbs, 2007 rates are lower than 2006 rates, often by about 10 percent or more. For instance, Northwest Suburban High School District 214's rate declined by 11.08 percent from a year earlier, Palatine-Schaumburg Township High School District 211's dropped by 12.78 percent, Barrington Area Unit District fell by 9.02 percent. Among municipalities, Arlington Heights' rate declined by 11.89 percent, Hoffman Estates' by 9.89 percent, Palatine's by 11.63 percent.

Typically, lower rates do not translate into lower property tax payments. Rather, Orr's office calculates rates by factoring in how much assessments have increased or declined and by how much each governmental unit is levying in taxes. In most cases, state property-tax law limits taxing units to collecting only 2.5 percent more in tax revenue than they did a year earlier, a restriction linked to the Consumer Price Index. Those relatively small levy increases, coupled with higher property values as set by 2007 reassessments, yield the generally lower rates seen in Orr's report.

Whether a particular homeowner sees increases or decreases in his or her property tax bill depends on yet other factors.

"It's when your reassessment deviates from the average that you'll pay more or less," said Orr spokesman Bill Vaselopulos. "If assessments in your area went up by an average of 10 percent, and yours went up by 20, you're going to pay more in taxes. But if yours went up by 10 percent versus an average of 20, then you might actually pay less."

Vaselopulos said the clerk cannot make sweeping observations about the direction of tax rates and taxes countywide because homeowner's exemptions vary widely from one part of the county to another.

When state legislators phased out Cook County Assessor James Houlihan's so-called 7-percent solution, designed to blunt the effect of assessment hikes, they OK'd a temporary system that gives one-third of the county a maximum exemption of $33,000, while the top exemption is $26,000 for another third and only $20,000 for the remaining third. This year, qualifying Northwest suburban residents can claim the $33,000 exemption, which, for some, may reduce tax liability by several hundred dollars.

But Houlihan, who lobbied lawmakers for a more generous and permanent exemption, noted that it will not benefit those who own the more valuable homes that characterize much of the Northwest suburbs.

Why have assessed values gone up even though a nationwide housing crisis has resulted in home values generally falling?

Houlihan spokeswoman Maura Kownacki said that the 2007 triennial reassessment was based on market changes from 2004 through 2007 and does not reflect 2008 market conditions.

"In a three-year cycle, if the first year values went up 6 percent and in the second year went up 4 percent and in the third year went down 6 percent, you're still up overall," said Houlihan, adding that he will press state legislators to approve annual adjustments that would more closely track market trends.

With new rates now in hand, Pappas said her office will begin printing second-installmenbt bills next week and that homeowners should expect to see them in the mail by Oct. 1, 2 and 3. Payments will be due Nov. 3.

Homeowners can view tax rates for all county taxing bodies at the clerk's Web site, www.cookctyclerk.com.



Recent Headlines

Re: Property Taxes IMPORTANT MESSAGE FROM COMMISSIONER SUFFREDIN
Thursday, May 16, 2019
Special to suffredin.org

What's at stake in latest census numbers
Monday, April 22, 2019
Crain's Chicago Business

Legislation aims to make water rates across Illinois more affordable and equitable
Monday, April 22, 2019
Chicago Tribune

Dorothy Brown worker who allegedly lied to federal grand jury set for trial
Sunday, April 21, 2019
Chicago Tribune

Time is running out for an affordable housing fix
Friday, April 19, 2019
Crain's Chicago Business

Cook County Assessorís Office Publicly Releases Residential Assessment Code and Models
Thursday, April 18, 2019
Special to suffredin.org

Women Prisoners in Cook County Jail Curate Global Film Festival
Thursday, April 18, 2019
WBEZ Chicago Public Radio

EDITORIAL: Long in the MWRD pipeline, IG plan needs a yes vote
Wednesday, April 17, 2019
Chicago Sun-Times

Cook County Health Cuts Ribbon on Outpatient Center in Arlington Heights
Tuesday, April 16, 2019
Daily Herald

Celebrate Earth Day with the Forest Preserves of Cook County
Tuesday, April 16, 2019
Special to suffredin.org

Homeowners in Chicago have just a few weeks to get current on their 2017 property taxes - or risk losing their homes. WBEZís Odette Yousef reports.
Tuesday, April 16, 2019
WBEZ Chiacgo Public Radio

Editorial: The Foxx-Smollett questions for Inspector General Blanchard
Tuesday, April 16, 2019
Chicago Tribune

Cook County pet owners warned of spring coyote dangers
Monday, April 15, 2019
Chicago Sun-Times

Cook County inspector general to review prosecutors' handling of Jussie Smollett case
Saturday, April 13, 2019
Chicago Tribune

Foxx requests Cook County IG investigation into handling of Jussie Smollett case
Friday, April 12, 2019
Chicago Sun-Times

A challenge to one of Chicago's biggest draws for companies
Friday, April 12, 2019
Crain's Chicago Business

What Evanston's assessments tell us about the new assessor's new math
Friday, April 12, 2019
Crain's Chicago Business

Vote for your favorite presidential candidate. The Illinois Democratic County Chairís Association wants to know who you want to be the Democratic nominees for President and Vice President. Vote here.
Friday, April 12, 2019
Crain's Chicago Business

$3.85 million granted in lawsuit against ex-Cook County forest preserve worker charged in fatal on-the-job crash
Thursday, April 11, 2019
Chicago Tribune

A Day in the Life of a Cook County Burn Crew
Wednesday, April 10, 2019
WTTW News

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP