Suffredin- An Advocate for All of Us  
 

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.

   
  Cook County is the second most populous county in the nation. It is the 19th largest government in the U.S.
   
     
     
     



New Cook County property tax site may affect property values

Thursday, May 03, 2012

by Joe Zekas

The new Cook County Property Tax Portal has gone live, providing easy online access to a variety of property tax information through a single website.

The site is the result of cooperation among the elected county officials who take part in the property tax system.

The aspect of the site with the greatest impact is likely to be the access it affords to financial statements from the more than 500 agencies that levy property taxes in Cook County municipalities.

According to a recent news release from Cook County Treasurer Maria Pappas:

The known collective debt of governments in Cook County has risen to $140 billion, according to the latest figures provided by the office of County Treasurer Maria Pappas. Property owners now can see on the Cook County Property Tax Portal how much of their money goes to each government that taxes them, Cook County Treasurer Maria Pappas and Cook County Board President Toni Preckwinkle announced today.

Pappas issued a new report showing the latest figures compiled from data submitted by local county governments in response to the Debt Disclosure Ordinance, which Pappas helped pass before the Cook County Board of Commissioners.

Pappas reported today that 489 of 553 primary taxing agencies submitted data for 2011, and their known total debt was at least $140 billion, an increase of $32 billion from 2010. On a per-household basis, debt is $87,720 for Chicago and $35,774 for the suburbs, Pappas said.

Access to increasingly accurate information about the financial condition and debt levels of various taxing bodies and municipalities is likely to have a strong impact on real estate values as home buyers, builders, property owners and investors focus on the implications of that information.

Will real estate buyer agents take advantage of this opportunity to analyze the data and counsel their clients that some suburbs may be facing the choice between sharply rising property taxes or severe reductions in services? This seems to be an area in which highly-skilled professionals can perform a real service for their clients.

Real estate professionals have long offered CMAs to their clients – comparative market analyses – sketching the likely value of individual properties. The new CMA might be a Comparative Misrule Analysis detailing the likely impact of the taxing bodies a property is subject to when compared to similar property in different jurisdictions.

What are the implications for Chicago of per-household debt that's at least 2.27 times the city's median household income?



Recent Headlines

Pappas: There's help for senior citizens struggling to pay Cook County property taxes
Friday, December 14, 2018
Special to suffredin.org

Cook County Public Guardian sues DCFS: “Abject moral and human rights failure”
Thursday, December 13, 2018
Capitol Fax

Borrow $10B to help stabilize city pensions along with legal pot, casino and benefit cuts: Rahm
Thursday, December 13, 2018
The Daily Line

CTA Moves Forward with Major Red Line Projects:
Thursday, December 13, 2018
Special to suffredin.org

Cook County repeals lower parking-app tax rate
Wednesday, December 12, 2018
Crain's Chicago Business

How local suburbs voted in Cook County minimum wage/paid sick leave advisory referenda
Wednesday, December 12, 2018
The Bugel

Cook County restores tax on parking apps before January cut took effect
Wednesday, December 12, 2018
Chicago Tribune

County Board to take on taxes,toilets at Wednesday meeting
Tuesday, December 11, 2018
Chicago Sun-Times

PRECKWINKLE’s tax tweak — Details on BURKE raids — State REPUBLICANS look for hope — SUMMERS’ tirade
Tuesday, December 11, 2018
Illinois Politico

Woman, 19, arrested after escaping police custody at Cook County courthouse
Sunday, December 09, 2018
WLS ABC Chicago 7

Here's an exciting prospect: A boring assessor's office
Saturday, December 08, 2018
Crain's Chicago Business

Sheriff starts unique inmate program to combat Chicago's gun epidemic
Thursday, December 06, 2018
RTV 6 Indianapolis

Staff feud at tax appeals board turns nasty
Wednesday, December 05, 2018
Crain's Chicago Business

Cook County Tax Bills Posted Online Three Months Early
Wednesday, December 05, 2018
CBS Chicago

County Board makes it easier to choose Preckwinkle successor
Tuesday, December 04, 2018
Chicago Sun-Times

New Cook County assessor vows end to favoritism as he takes office
Monday, December 03, 2018
Crain's Chicago Business

New Cook County Board members sworn in Monday
Monday, December 03, 2018
Chicago Tribune

Cook County referendums: 'Yes' to everything
Wednesday, November 28, 2018
Chicago City Wire

Glenview to discuss Cook County minimum wage, paid sick leave ordinances in December
Tuesday, November 27, 2018
Chicago Tribune

Wilmette reverses course, fully adopts both county minimum wage and sick time rules
Tuesday, November 27, 2018
Chicago Tribune

all news items

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