Cook County has one of the highest median property taxes in the United States, and is ranked 91st of the 3143 counties in order of median property taxes. Additional taxpayer relief for businesses impacted by Covid-19 . 430 North Michigan Ave. Suite 800 Chicago, IL 60611 Therefore, REALTORS® have concerns over the long-term impact of COVID-19 to property owners and their ability to pay all the necessary fees and expenses related to owning and maintaining property of all classifications (commercial, residential, industrial, retail, office, etc.). By Payton Potter, Patch Staff. The extension offered by the County is among the efforts to “protect the financial wellbeing of residents.” The delayed property tax payment enables property owners an additional two (2) months to pay their taxes that were originally due on August 3. Cook County plans to waive late fees on property tax payments due in August and extend the deadline to pay the second installment of taxes to Oct. 1, officials said Wednesday. The City of Chicago is currently in Phase Four: "Gradually Resume." Jul 28, 2020 … The Second Installment is due August 3. Another claim during the meeting was that 70 percent of mortgages are in escrow in Cook County which helps to ease concerns of municipalities and school districts relying on property taxes. On Thursday, May 21 Cook County extended the deadline for property tax payments in response to the COVID-19 pandemic. The median property tax in Cook County, Illinois is $3,681 per year for a home worth the median value of $265,800. Check the hours of your branch.
Nearly 25% of the property … Cook County Extends Property Tax Payment Deadline May 21, 2020 . Any property owner may pay their second installment of the 2019 property tax by October 1 without any penalties or late fees. If you are unable to pay online, you may pay at any of the nearly 400 Chase Bank locations in Illinois, including those located outside of Cook County. Commissioners supported the Property Tax Relief although some expressed concern over the vulnerabilities in black and brown communities to losing their homes. Cook County collects, on average, 1.38% of a property's assessed fair market value as property tax. In communication with the County Commissioners, CAR Government Affairs staff recognized that the delay may allow some owners temporary relief in their cash flows for August and September; however, property taxes are one of the many expenses’ property owners face. Most years, taxpayers who missed the August deadline were penalized late fees. On Thursday, May 21 Cook County extended the deadline for property tax payments in response to the COVID-19 pandemic. State statute allows a postponement of tax installments under a disaster declaration.During the County Board hearing, Commissioners approved a disaster proclamation until September 30, 2020 which gives the County more time to accommodate the impact of COVID-19 in Cook County, as Cook County has seen the highest confirmed cases of any county in the United States at over 65,000 cases.
For each tax payment you wish to defer, enter the amount of tax due in the "Payment Amount" box for the applicable period and select continue.3) On the "Payment Cart" screen you may simply leave the payments in your cart until you are ready to pay or uncheck the corresponding box to "Save for Later".4) On or before the revised due date, log in to Chicago Business Direct and complete the online payment process to submit your timely payment(s).If you have any questions regarding this or any other tax matter, please email us at Additional taxpayer relief for businesses impacted by Covid-19 Please call ahead or visit any department's website to get additional details, or visit To further help reduce the financial impact of Covid-19 on our taxpayers, tax payment due dates for the periods July 2019 through September 2020 have been extended for the following taxes as indicated below:July 2019 - February 2020 Wednesday, July 15, 2020 To defer tax payments for the above listed taxes please complete the following steps to report your tax due by the original payment due date (the 15th day of the following month):1) Log in to Chicago Business Direct and select "Make a Tax Payment".2) On the "Tax Payments" screen, select the appropriate account and tax code. The Second Installment of Cook County property tax bills will start to arrive in mailboxes today and property owners have until October 1, 2020, to pay without any late charge,Treasurer Maria Pappas said. Employees at the Cook County Treasurer’s Office later this month are expected to begin preparations to mail out property tax bills for homes and businesses throughout the county. Cook County's two-month reprieve from delinquent property tax penalties has resulted in delayed payment of almost $1.8 billion. CAR recognizes the need for some owners to have relief and ultimately property taxes without a reduction will be due. Staff also shared with Commissioners a resource created by the National Association of REALTORS®,
According to some Commissioners, the County was limited in their statutory authority to modify property tax payments and the 60-day extension was the only way to operate within the law.
State law requires a 1.5 percent interest fee per month on late payments. Tax Due Dates Extended Due To Covid-19 . In Cook County, residential property is taxed at 10%, commercial at 25%. The easiest and fastest way to pay your Cook County Property Tax Bill is online.