2014 Tax Rate Report PowerPoint
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Cook County, Illinois property tax report
Transcript of 2014 Tax Rate Report PowerPoint
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2014 Property Tax Rates
in Cook County, Illinois
Clerk David OrrCook County, Illinois June 18, 2015
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2014 Property Tax Rates
How tax rates are calculated
2014 property tax rates
Factors affecting 2014 tax rates
Impact on taxing districts
Impact on homeowners
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Calculating Tax Rates
Taxing districts submit levy requests
to Clerk
Over 1,400 taxing districts
Clerk reduces levies in compliance
with statute
Rate ceiling of individual funds
Total levy increase limited by CPI
(inflation)
Final Reduced Levy Total Value = Tax Rate
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2014 Average Changes of
Property Tax Rates
City of
Chicago
-0.3%
Northern
Suburbs
+1.0%
Southern
Suburbs
+5.0%