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.

   
  Cook County has the largest unified trial court system in the world, disposing over 6 million cases in 1990 alone.
   
     
     
     



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

System News
Friday, May 17, 2019
Special to suffredin.org

Cook County Health Recognizes Mental Health Awareness Month
Thursday, May 16, 2019
Daily Herald

Skokie plans for road improvements near Edens Expressway: 'It’s desperately needed'
Thursday, May 16, 2019
Skokie Review

5 Chicago hospitals earn D grades for patient safety in new report, Northwestern slips to a B
Wednesday, May 15, 2019
Chicago Tribune

Chicago Daily Law Bulletin: Backward Glances
Wednesday, May 15, 2019
Chicago Daily Law Bulletin

Cook County Eliminated Its Gang Database, But Advocates Say Harm Continues
Wednesday, May 15, 2019
WBEZ News

New Cook County Housing Authority Proposal Targets the 'Missing Middle'
Wednesday, May 15, 2019
Evanston RoundTable

Census Citizenship Question Could Hurt Citizens, Noncitizens Alike
Wednesday, May 15, 2019
WBEZ Chicago Public Radio

News from Friends of the Forest Preserves
Tuesday, May 14, 2019
Special to suffredin.org

Cook County commissioners get earful about soon-to-be-destroyed gang database
Tuesday, May 14, 2019
Chicago Sun-Times

Detainee dies days after suicide attempt at Cook County jail
Tuesday, May 14, 2019
Chicago Sun-Times

Curious City How Chicago Women Created The World’s First Juvenile Justice System
Monday, May 13, 2019
WBEZ Chicago Public Radio

Cook County report: Sharp drop in jail population, but crime did not jump
Friday, May 10, 2019
Injustice Watch

Will Cook County be home to the next big measles outbreak? Researchers think so.
Friday, May 10, 2019
Chicago Tribune

May is Prime Time for Birding in the Forest Preserves of Cook County
Thursday, May 09, 2019
Special to suffredin.org

More Babies Are Illegally Abandoned Than Turned Over Through Illinois’ Safe Haven Law In Cook County
Thursday, May 09, 2019
CBS Chicago

Empty businesses may lose county tax incentives
Wednesday, May 08, 2019
Homewood-Flossmoor Chronicle

As new DCFS report highlights failures, Cook County guardian says 'inept' child welfare agency is ‘not doing its job ... at every level’
Tuesday, May 07, 2019
Chicago Tribune

Cook County passes bill to stop discrimination against tenant applicants
Tuesday, May 07, 2019
Chicago Crusader

Women Jail Guards Say Sheriff’s Department Tolerated Sexual Harassment By Cook County Inmates
Monday, May 06, 2019
WBEZ Chicago public Radio

all news items

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