It’s property tax time again. In February, every year, the Cook County Treasurer releases new tax bills to the public. The first installment in Cook County is generally considered a “deposit” against the full year tax bill. The County always … Continue reading →
Property taxes, and more specifically, the property tax proration paid at closing by a Buyer to a Seller, should always a major topic of conversation between a home buyer or seller and their attorney. Because property taxes in Illinois are … Continue reading →
Whenever a real estate purchaser and seller go to the closing table for a Cook County property, they have an interesting dilemma. Property taxes. How do they deal with the real estate taxes? Property taxes are paid in arrears. As … Continue reading →
Homeowners in DuPage and Lake County are now finding real property tax bills showing up in their mailboxes. Throughout most of the State of Illinois, with the exception of Cook County, real estate owners usually receive a single tax bill … Continue reading →
Real estate taxes for Illinois purchase and sale transactions can be confusing. When buyers and sellers meet at the closing table, they have to deal with one large conundrum. Because property taxes are paid in arrears (meaning that we pay … Continue reading →
Many potential home buyers looking to purchase real estate in Chicago are unaware of potential property tax issues that could affect their pocketbooks after they purchase. 2016 will be a very interesting year when it comes to real estate taxes … Continue reading →
Property owners throughout Cook County should be receiving the 2015 Homeowner’s Exemption Booklet in their mailboxes this week. The mailing includes an application for the the three most common Cook County property tax exemptions: the Homeowner Exemption, Senior Homeowner Exemption, … Continue reading →
Today, the Cook County Treasurer’s Office website is indicating that the first installment of Cook County real estate tax bills for 2015 are now available. Usually, the bills come out in February, so this release is quite early this year. … Continue reading →
