Three homestead exemptions will automatically renew for the next property tax year. Gov. J.B. Pritzker signed into law a bill that will eliminate the need for yearly renewals. The action was one of several COVID-19 related bills approved during the spring legislative session. Under the bill, homeowners who received the[Read More…]
Tag: Cook County property taxes
Property assessments trending downward due to pandemic
Cook County Assessor Fritz Kaegi has announced the formula his office will be using to reassess properties in Homewood and Flossmoor as part of the tri-annual reassessment process. Due to the COVID-19 pandemic, Kaegi said he is taking into account the record unemployment and market effects on the communities when[Read More…]
Cook County announces planned property tax relief for property owners
Recognizing the financial toll of the coronavirus and the pressing need to extend economic relief to area homeowners, Cook County Board President Toni Preckwinkle announced Wednesday plans to waive late fees on property tax payments. “These are incredibly difficult times for our residents and this measure creates much-needed breathing room[Read More…]