In Chicago's northern suburbs, residential property tax rates are going through the roof this fall.
If you live in Des Plaines, or several other communities in Chicago’s northwest suburbs, might we suggest you go online to the Cook County treasurer’s office and check your new property tax bill? We would urge you not to wait for it to hit your mailbox this week. Property taxes are due Dec. 1, and unfortunately you may need to prepare. Residential taxpayers in those areas are likely in for some unpleasant surprises.
That’s one reason for the rise. Another, bigger reason is that Kaegi’s office decided to take on the role of soothsayer after the COVID-19 pandemic hit: Staffers attempted to predict likely pandemic-related job losses and then use those calculations to lower property assessments. The idea was to give homeowners a break, but cutting the assessed values doesn’t automatically result in lower taxes since government entities still need the same money to operate.
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