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All tagged Property Tax
After lengthy delays, homeowners are set to see Cook County property taxes potentially rise by year’s end. Typically, the bill would’ve been mailed in August 2022.
For many homebuyers, first-year housing costs fall out of view. However, Illinois homeowners now see an increase to the cost of living.
On Friday, May 20th, Governor Pritzker signed Senate Bill 1975 into law, instituting Illinois property tax relief. Specifically, the new law acts as a form of property tax relief for senior citizens, veterans, and people with disabilities. This helps to ease the burden from one of the highest property taxes in the nation.
