Original News, Features & Opinion on Chicago, Illinois and America
The $2 Billion Wealth Transfer: How Cook County’s Property Tax Appeals System Rewards Businesses at the Expense of Homeowners By Cook County Treasurer Maria Pappas After analyzing over 2 million Cook County property tax appeals filed between 2021 and 2023, researchers in my office uncovered a troubling trend: the system shifted nearly $2 billion in…
The $2 billion wealth transfer: How Cook County’s property tax appeals system rewards businesses at the expense of homeowners Nearly $2 billion in property taxes shifted onto homeowners from businesses over just three years, with a disproportionate share of the added burden falling on lower-income Black and Latino homeowners, a first-of-its-kind analysis by the Treasurer’s…
When it comes to voting on property tax referendums, the few decide for the many There are two types of referendums — binding and advisory. The government is legally required to act on binding referendum results. Advisory referendums aren’t legally binding and are often used to measure public opinion before making a governmental decision. That…
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You May Be Owed Money For Overpaying Property Taxes Up To 20 Years Ago By Maria Pappas My office is managing about $122 million in potential refunds for property tax overpayments going back 20 years that I’m eager to send back to property owners. But determining who’s entitled to a refund isn’t simple. Most overpayments…
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Why We Pay Property Taxes In Arrears? Column: Your Property Taxes with Cook County Treasurer Maria Pappas By Maria Pappas One of the most common questions I get in my office, is, “Why do we collect taxes for the previous year?” Here’s the backstory. Cook County’s property tax system has changed dramatically since The Treasurer’s…
Illinois officials offer best wishes to Muslim community at end of Ramadan By Ray Hanania Cook County Treasurer Maria Pappas, Congresswoman Delia Ramirez, and several officials including from Cook County, the State of Illinois and from officials of the Orland Fire Protection District offered their best wishes to the Muslim American community as they prepared…
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Pappas Urges Citizens to Vote on April 1 as Study Reveals Racial and Income Disparities in Referendum Turnout In a first-of-its-kind analysis, the Cook County Treasurer’s Office found much higher property tax referendum turnout in wealthier, predominantly white communities where nearly all people own their homes than in areas with mostly minority populations, lower incomes,…
Change in law lets tax breaks automatically renew for homeowners with disabilities State lawmakers have made it easier for people with disabilities to continue receiving annual property tax relief. By Maria Pappas Cook County homeowners who receive the Persons with Disabilities Exemption no longer must reapply for the benefit every year. Lawmakers acted to allow…
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Property Tax Exemptions: How Homeowners and Seniors Can Save on Taxes By Maria Pappas Property taxes can be a financial burden, but exemptions can help reduce those costs by offering significant savings to property owners. There are three exemptions that do the most good for the most people. They are the Homeowner Exemption, the Senior…
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Pappas urges property owners to pay First Installment tax bills by Tuesday, March 4 due date First Installment Tax Year 2024 property taxes are due Tuesday, March 4, Cook County Treasurer Maria Pappas reminded taxpayers today. The Treasurer’s Office posted nearly 1.8 million bills online at cookcountytreasurer.com in early December and mailed printed bills to…
Treasurer’s website offers easy way to update property tax bill name and address information By Maria Pappas You may not look forward to receiving your property tax bill, but it’s crucial that you get it. Not getting it can lead to missing the payment due date, which can cost you money. That’s exactly what happened…
Paying your tax bill online is easy and safe, but you can also pay by mail or in person By Maria Pappas In 1789, Ben Franklin wrote that nothing was certain “except death and taxes.” Today I write about the taxes part of the great American statesman’s uncomfortable reminder: The due date for Cook County…
Property Tax Pointers from the County Treasurer: 10 Must-Know Tips for Homeowners By Maria Pappas As Cook County Treasurer, I’ve learned the property tax system can be confusing and intimidating. Whether you’re a new or longtime homeowner, or a senior citizen, I understand your frustrations. To help, I’ve created 10 tips to better understand your…
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Cook County Treasurer Maria Pappas Urges Seniors to Take Advantage of Property Tax Deferral Program Amid growing concerns that increases in property tax bills are pushing senior citizens to leave their homes, Cook County Treasurer María Pappas reminded senior homeowners today of a state program that allows them to defer paying their property taxes. The…
State program allows senior citizens to defer payments on property tax bills Your Property Taxes with Cook County Treasurer Maria Pappas By Maria Pappas Amid increasing concerns that rapid increases in property tax bills will drive people from their homes, state officials are boosting a program that lets senior citizens defer paying their property tax…
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Treasurer Pappas offers ‘snowbirds’ and other Cook County property owners the option to prepay taxes due in 2025 Treasurer Maria Pappas is offering Cook County property owners the option to prepay their 2024 property taxes that will be due in 2025. Pappas’ office will mail taxpayers with an early copy of their First Installment tax…
County Treasurer Pappas can help you understand your property taxes in virtually any language By Maria Pappas The property tax system can confound lifelong Cook County residents. Assessments, appeals, exemptions and other parts of the process can be difficult to understand. Now imagine you immigrated from a place that didn’t have property taxes. Many countries…
Arab Americans honored by Treasurer Pappas as part of program recognizing all ethnic groups By Ray Hanania Chicago, IL — Cook County Treasurer Maria Pappas on Tuesday, Nov. 12, 2024, honored a dozen Arab Americans for their leadership and positive contributions to the community as a part of an overall commitment on her part to…