Taxing agencies — including schools, parks, libraries and cities — sent property tax bills totaling $19.2 billion in 2024, up more than 180% from the $6.8 billion taxing districts required property owners to pay in 1995, according to the report.

First installment property tax bills are typically released in February and due in early March, but will be delayed by one month by an overhaul of the county’s property tax system plagued with problems.

The most recent reassessment of the value of Chicago properties resulted in a “record-setting” 16.7% increase in the median homeowner’s bill, according to a new analysis from Cook County Treasurer Maria Pappas’ research team.

Second installment property tax bills are typically released in early July and due in early August, but have been delayed for nearly four months by an overhaul of the county’s property tax system plagued with problems.

Black and Latino homeowners were forced to cover “a disproportionate share of the burden,” according to the latest analysis from Cook County Treasurer Maria Pappas’ research team.

Eight ballot measures will likely be decided by voters who live in wealthy communities where the majority of residents are White and own a home, according to a new report from Cook County Treasurer Maria Pappas.

Property tax bills for Cook County residents are available online at cookcountytreasurer.com and should hit mailboxes this week.

“Many homeowners are going to be shocked and angry when they get their bills,” Cook County Treasurer Maria Pappas said.

The median homeowners in Cook County’s north and northwest suburbs saw their property tax bills rise 15.7% this year, according to a new study just released from Cook County Treasurer Maria Pappas’ office.

Cook County Treasurer Maria Pappas called the legislation “the most significant property tax reform legislation the General Assembly has approved in decades.”

Cook County Treasurer Maria Pappas called the legislation “the most significant property tax reform legislation the General Assembly has approved in decades.”

The first installment of property owners’ 2022 tax bills will be due approximately a month later than usual because of delays last year, officials said.

If homeowners are delinquent more than a year on making property tax payments, they’re at risk of owing large interest payments to private investors who buy up that debt. “It’s the poorest people paying the richest people,” Cook County Treasurer Maria Pappas said.

A federal lawsuit brought Thursday by two Black homeowners caught up in the Cook County propoerty tax sale system on behalf of themselves and everyone else who alleges the process violates the constitution and both federal and civil rights laws.

If you are a homeowner in certain portions of the city, you’ve seen your bill go up quite a bit. On the predominately Latino Lower West Side, there was an increase of 46%, according to a new study.

Delinquent properties are eligible for the Cook County Tax Sale, which is administered by the Cook County treasurer’s office. That’s where a private investor buys the debt and can make a big profit off of it.