Many senior citizens are having a difficult time paying their property taxes. Well, now they can take advantage of the Senior Citizen Real Estate Tax Deferral program administered by the Cook County Treasurer’s Office.
Due to a record-breaking number of unemployment claims in Illinois, significant downturns in some commercial sectors, widespread loss of rental income, and disaster declarations in Cook County, the Cook County Assessor’s Office determined that Covid -19 adjustments should be made to some property values.
Are you wondering whether or not you are due a refund on your property taxes? More than $100 million in property tax refunds is owed to thousands of Cook County residents, according to Maria Pappas, and most have no idea they are due money.
According to the Office of the Cook County Clerk, there are four impactful factors that affect whether or not individual property tax bills will increase or decrease.