Latest News
10/30/2023
Treasurer's Office
Pappas: School districts hiked property taxes on Cook County homes, businesses
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10/17/2023
Treasurer's Office
Pappas: Second Installment 2022 tax bills are now online, two weeks before they are mailed
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09/11/2023
Treasurer's Office
Cook County Treasurer Maria Pappas to help taxpayers seek refunds during Sept. 14 phone bank with ABC 7
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08/11/2023
Treasurer's Office
Governor signs Pappas historic property tax reform law cutting the interest on late taxes from 18 percent to 9 percent
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08/02/2023
Treasurer's Office
Cook County Treasurer releases new guide that explains how Illinois property tax system works, why tax bills are so high and how property owners can save money
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The Property Tax System
1. PROPERTY TAX BASE
The Assessor assesses all real estate located throughout the County and establishes a fair market value for each property.
2. APPEALS
Appeals are accepted and decisions reached on changes to a property’s assessment, classification, or exemptions.
3. PROPERTY TAX RATES
The Clerk determines the tax rates based on the levy ordinances passed by taxing agencies and applies the rates to the assessments received for the Assessor to determine the amount of property tax owed.
4. BILLING AND PAYMENT
The Treasurer mails out property tax bills and collects the money.
5. FUNDING OF LOCAL TAXING AUTHORITIES
The Treasurer distributes the money to over 2200 local taxing agencies, including the County, cities, schools and special districts.