COOK COUNTY (WBBM NEWSRADIO) - The second installment of Cook County property taxes is due on Friday, and Treasurer Maris Pappas has unveiled a new tool to help property owners better understand their bills.
The new feature, “Where Your Money Goes,” calculates year-to-year changes for each property tax bill.
“Taxpayers upset about how much they owe now have an easier way to find out where their money goes,” Pappas said in a statement.
She said it shows “how the amount of money sought by schools and other taxing bodies, combined with changes to property assessments, affects individual bills.”
Her office said higher tax bills this year were partly the result of increased levies, the amount sought by taxing districts, and a shift of the tax burden onto homeowners from businesses.
Also it’s because of a change in state law that allows taxing districts to recover money that was refunded to property owners who’s appeals led to lowered assessments.
The feature is on the treasurer’s website.
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