Property Tax Updates
January 2024
First Installment Tax Bills Due March 1, 2024
Cook County property owners can visit www.cookcountytreasurer.com to view, download and prepay their First Installment 2023 property tax bills, which are due March 1, 2024.
Property tax bills are divided into two annual installments. The first, which is 55 percent of the previous year’s total tax, is due March 1, 2024. Here are the steps to download your tax bill and make a payment:
- Select the blue box labeled "Pay Online for Free"
- Enter your address or 14-digit Property Index Number (PIN)
December 2023
Tax Sale General Information
Illinois law allows two types of tax sales to sell delinquent property taxes — the required Annual Tax Sale and the Scavenger Sale (only held if ordered by the Cook County Board). Here’s what you need to know if considering these types of sales, according to the Cook County Treasurer’s Office.
Annual Tax Sale
If property taxes for the immediately preceding tax year are delinquent, the full delinquent tax amount due, plus interest and penalties, are offered for sale at the Annual Tax Sale. To participate in this sale, bidders must review the rules and regulations, complete a registration and provide collateral or a bond. The next Annual Tax Sale will take place starting January 9, 2024.
Scavenger Tax Sale
A new Illinois law passed in 2023 has made the Scavenger Sale optional, while it previously was required every two years. Scavenger Sales will only be held at the request of the Cook County Board. At the sale, if a property has three or more delinquent tax years, those taxes are offered for sale to the highest bidder. There is a $250 minimum opening bid or one half of the total tax amount due if that amount is less than $500.00.
November 2023
Second Installment Tax Bills Due
The Cook County Treasurer's Office has uploaded information about the second installment of the 2022 Tax Year property tax bills. Property owners who want to see their bills before they arrive in the mail can download and pay the bill at www.cookcountytreasurer.com. There is no cost to pay online (except for a 2.1% credit card processing fee if that method is used). Simply enter the property address or Property Index (PIN) number to access the information. The taxes are due December 1, 2023.
Tax bills can also be paid at any Chase Bank branch location or at more than 100 community bank locations or at the Treasurer’s Office, 118 N. Clark St., Chicago. The Treasurer’s Office sends two tax bill installments each year. The First Installment typically is due in March. In past years the Second Installment has been due in August but bills were delayed this year and last year.
October 2023
2022 Cook County Tax Rates Released
The Cook County Clerk’s Office has released its annual property tax rates for 2022 which includes calculation of property tax rates for more than 1,400 taxing agencies in Cook County.
The total taxes billed continues to increase year-over-year. Last year the total tax billed was $16.7 billion, this year the total tax billed is over $17.6 billion – a 5.36% increase. The boost is due to several factors such as assessed values, taxing district levies, and the state-issued equalization factor.
Also, the Clerk’s Office noted that Second-Installment tax bills will be due December 1, 2023.
Cook County Clerk's Office graphic
October 2023
2022 Property Tax Re-Assessment
One-third of Cook County properties are re-assessed each year by the Cook County Assessor’s office. The North and Northwestern suburbs (suburbs north of North Avenue) were reassessed for tax year 2022, which is reflected in the tax bills currently payable. The last time this region was examined by assessment officials en masse was tax year 2019.
The south and western suburbs (suburbs south of North Avenue) are currently being reassessed for tax year 2023. The City of Chicago was reassessed last year (tax year 2021) and will be reassessed again for tax year 2024.
