Cook County Taxes: Payment Dates and Important Info to Know

Cook County Taxes: 

Payment Dates and Important Info to Know 

     The first installment of 2015 tax bills has now been

mailed to Cook County, IL property owners by the Cook County Treasurer's Office ...  

     Unlike most of the surrounding counties, Cook County has its own unique schedule for the release of its tax info.  In Cook, the 1st installment of property taxes is always due on the first business day in March.  

     For 2015 Cook County tax bills, that due date is:  Tuesday, March 1st, 2016.

     The 2nd installment of Cook County taxes is a "floating" day, as it varies from year to year.  Why?  Because the 2nd installment is based upon the County's receipt of vital information from other state and county agencies in Illinois.  

     That data, when received, then contributes to the compilation of the following info ... and is reflected in the 2nd Installment of Taxes when they become due: 

• Newly-figured property assessment evaluations
• Assessment Appeals
• The State equalization factor
• Exemptions
• Tax Districts' tax rates

     For Cook County property owners that hold a Mortgage on their property:  Please note that tax bills are mailed to YOU, not your mortgage holder.  

     In order to make sure that property taxes are paid on time, property owners must provide a copy of their tax bill to their mortgage company ... or ... the mortgage company will need to take steps to obtain a duplicate bill from the Cook County Treasurer's Office.  

     

     New property owners must be aware that names and addresses on Cook County tax bills are NOT automatically changed upon a property's sale.  A Name and Address Change Application must be provided, along with proper identification, to the office of the Cook County Tax Treasurer so changes can be made.

     Please note:  There is a fee to obtain any duplicate of a Cook County tax bill.  That fee may be passed on to you by your mortgage holder.  

     Also of note:  It remains the responsibility of property owners to see that tax payments are properly made out of any escrow account established for tax payment purposes.  So remember to check your mortgage statements to see that there was proper/timely disbursement of tax funds. 

     Cook County property owners making their own tax bill payments can make them in a variety of ways, ranging from:

• Online Payments 
• By mail or in-person 
• Any Illinois-located Chase Bank 
• One of 194 participating community banks 

      Should further information regarding Cook County taxes or their payment dates be needed, please go to the Cook County Treasurer's website at:  www.cookcountytreasurer.com  or call them at: (312)443.5100.     

     *  Hoping to Buy or Refinance a home in New Lenox, Will County, the greater Chicagoland area, or Wisconsin?  Contact Me today!  I'll be happy to put my 37 years of mortgage experience and expertise hard to work on your behalf.
     I can be easily found at:

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American Portfolio Mortgage Corp.

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