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Cook County Assessor Fritz Kaegi appears on “Chicago Tonight” on Oct. 22, 2019.

The value of commercial properties increased 56% from 2018 to 2021, compared with 10% for single-family homes and small apartment buildings, according to the data released by the Cook County assessor’s office. That could result in a consequential change in how Cook County’s property tax burden is carved up. 

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(WTTW News)

A reprieve from having to pay a hefty tax bill sounds like a gift, but a monthslong delay in Cook County property tax bills could instead cause headaches for taxpayers, governments and elected officials alike.

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The Internal Revenue Service tax filing deadline in 2022 is scheduled for April 18. Here’s what you need to know about filing your 2021 taxes. (Adobe Stock)

Soaring inflation. The war in Ukraine. Yet another rise in COVID cases. With so much going on this year it’s hard to focus on things like filing your taxes. Nevertheless, the IRS still expects you to file your 2021 return and pay whatever you still owe by the filing deadline, which is April 18 for most taxpayers.

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President Joe Biden speaks in the East Room of the White House, Monday, Feb. 7, 2022, in Washington. The Biden administration is kicking off an outreach campaign to get millions of families to file their taxes — so that they can receive the second half of payments from the expanded child tax credit. (AP Photo / Alex Brandon)

White House officials are hosting a virtual event Tuesday to encourage people to send their tax forms to the IRS, including those whose incomes are so low that they might not have traditionally filed.

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In this photo March 22, 2013, photo, the exterior of the Internal Revenue Service (IRS) building in Washington. (AP Photo / Susan Walsh, File)

The agency said it would no longer use a third-party service, called ID.me, for facial recognition. Critics of the software said the database could become a target for cyberthreats. 

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Hairdresser Chelsea Woody stands outside her car at a grocery store Tuesday, Jan. 11, 2022, in Charleston, W.Va. For the first time in half a year, families on Jan. 14, are going without a monthly deposit from the federal child tax credit. Woody, a single mother, relied on the check to help raise her young son. (AP Photo / John Raby)

Democratic Sen. Joe Manchin of West Virginia, objected to extending the credit out of concern that the money would discourage people from working and that any additional federal spending would fuel inflation that has already climbed to a nearly 40-year high.

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(Regina Shanklin / Pixabay)

Cook County Assessor Fritz Kaegi has vowed to fix what has been a broken assessment system, but it’s meant some big increases for business owners who say they can’t afford it.

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(JESHOOTScom / Pixabay)

Illinois tax revenues plummeted when COVID-19 hit, but according to the Illinois Department of Revenue, they’re rising again.

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(Regina Shanklin / Pixabay)

The Chicago City Council approved Mayor Lori Lightfoot’s $16.7 billion budget on Wednesday with the backing of progressive members who celebrated the spending plan’s focus on affordable housing, mental health, violence prevention, youth job programs and help for unhoused Chicagoans.

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(WTTW News)

Mayor Lori Lightfoot’s proposal to hike property taxes by $76.5 million cleared a key hurdle Thursday, with the City Council’s Finance Committee advancing the mayor’s $16.7 billion spending plan to the full City Council.

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(Mackenzie Marco / Unsplash)

Wealthy Americans have long sought to use charitable contributions to reduce their tax burdens. But the “Pandora Papers” report  revealed how world leaders, billionaires and others have stashed trillions of dollars out of the reach of governments by using shell companies and offshore accounts, which are considered legal.

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(WTTW News)

The growing share of city property taxes sent to tax increment finance districts has fueled a perennial argument over whether the districts actually spur redevelopment and eradicate blight or serve to exacerbate growing inequality in Chicago.

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Mayor Lori Lightfoot presents her budget proposal for 2022 to the Chicago City Council on Monday, Sept. 20, 2021. (WTTW News)

Mayor Lori Lightfoot’s plan to close a projected $733 million budget gap in 2022 relies on $385 million in federal relief funds and nearly $299 million in savings and efficiencies, but the plan contains “no new tax or significant fee increases” for Chicago residents, she said.

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(WTTW News)

There are four ways to appeal property tax assessments in Cook County. But is that a good thing? Former state Rep. Barbara Flynn Currie and Assessor Fritz Kaegi weigh in.

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This Thursday, March 10, 2016 file photo shows the Trump International Hotel and Tower in Chicago. An Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill on his downtown Chicago skyscraper, but local officials are trying to block the refund. (AP Photo / Charles Rex Arbogast, File)

An Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill for his downtown Chicago skyscraper, but local officials are trying to block the refund.

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Spring Lake Forest Preserve, Cook County. (Patty Wetli / WTTW News)

How much is nature worth? The Forest Preserve District of Cook County is about to find out. The district’s board of commissioners has thrown its support behind a proposal for a ballot referendum that would put a property tax increase for the preserves directly in the hands of voters.