The majority of Cook County homeowners will have bigger property tax bills this year — and this time, the north and northwest suburbs got hit particularly hard.
School districts, which heavily rely on property taxes in Illinois, are largely to blame, according to a new analysis from researchers at Cook County Treasurer Maria Pappas’ office. A recent state law also allows schools and some other taxing bodies to “recapture” money that was refunded to property owners when they successfully appealed, lowering their assessments.
