Cook County Property Taxes

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    Know Your Rights

    PROPERTY TAXES

    IN COOK COUNTYProperty Taxes...

    Know Your Rights

    As a homeowner, there are some

    important things to know about taxes

    on real property and about property

    tax bills in order to ensure that your

    property is assessed appropriately and

    fairly. This brochure will help you

    understand what is involved in the

    property taxation process and your

    rights.

    This brochure is intended for property owners

    in Cook County.

    Read inside to learn more.

    Illinois Association of REALTORS

    522 South Fift h Street, P.O. Box 19451Springfield, IL 62794-9451

    217/529-2600, FAX 217/529-3904

    www.illinoisrealtor.org [email protected]

    2008

    Other Exemptions and Assistance Programs

    Available: Contact the Cook County Assessor for

    information and assistance about additional programs,

    including the Home Improvement Exemption and

    exemptions for disabled homeowners and returning

    veterans.

    When purchasing property, it is important that you know the

    property tax amount that has most recently been paid on the

    property. You should also be aware of whether or not the

    sellers tax bill includes these exemptions. Some of the

    exemptions may or may not apply to you as the new owner.

    If you have established an escrow for the payment of property

    taxes with your lender, send a copy to the lender and keep acopy for yourself. You should check with the lender twice

    each year to verify that your lender is paying your tax bill out

    of the escrow.

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