Average second installment of Cook property tax bills to show increases
In the Cook suburbs, where property tax rates are almost universally higher than they are in the city, homeowners could see bigger increases than their Chicago counterparts. Those rates, however, can vary significantly from one city or village to another. While Chicago residents frequently complain about their property tax bills, the tab tends to be higher in most towns in collar counties such as DuPage and Will.
In the north Cook suburbs, residential tax bills are up by about 3 percent, and in the south suburbs by about 4.8 percent, according to Clerk David Orr’s yearly overall assessment of suburban trends. Commercial property tax bills are up by 6.4 percent and 8.2 percent, respectively.
This year, the owner of an average north suburban home valued at $299,100 will pay $7,331, or $213 more, Orr calculated. The bill on an average south suburban home valued at $187,500 will be $5,426, or $247 more than last year…Please click here to read Hal Dardick’s story in the Tribune. A related story, “South suburban homeowners see their property taxes go north,” is here in the Sun-Times.