Tax assessment Forms for Chicago
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FAQ
There is no set rate for property tax in Illinois. Your tax bill is based on two factors, the equalized assessed value (EAV) of your property, and the amount of money your local taxing districts need to operate during the coming year. Most property is assessed at 33 1/3 percent of its fair market value.
You may pay at the Cook County Treasurer's Office with an original early payment coupon or a PDF tax bill downloadable from this site. The office is located at 118 N. Clark St., Room 112, Chicago, Illinois. If you pay by escrow, contact your lender prior to attempting to pay early to avoid double payments.
You may pay at the Cook County Treasurer's Office with an original early payment coupon or a PDF tax bill downloadable from this site. The office is located at 118 N. Clark St., Room 112, Chicago, Illinois. If you pay by escrow, contact your lender prior to attempting to pay early to avoid double payments.
For residential property owners, the assessed value equals 10% of the fair market value of the home. For most commercial property owners, the assessed value is 25% of the fair market value. This level of assessed value is the taxable amount of the property, as determined by Cook County ordinance.
In Cook County, the first installment is due by March 1. (Elsewhere, a county board may set a due date as late as June 1.) The second installment is prepared and mailed by June 30 and is for the balance of taxes due.
After receiving the bill, property owners can pay: Online at cookcountytreasurer.com. At nearly 400 Chase Bank locations in Illinois. From an account at some 200 participating community banks.