Cook County Property Tax Levy Rises for 32nd Straight Year, With Most Owners Facing Higher Bills
Cook County property taxes are set to increase for the 32nd consecutive year for the majority of homeowners and businesses. Approximately 1.3 million residences and 100,000 businesses will see higher tax bills, which are scheduled to be mailed out on September 1. The total property tax bill for all taxing bodies across Cook County has surpassed $19.9 billion, marking an increase of about $744 million, or 3.9%, compared to the previous year. This rise is largely due to nearly all taxing agencies increasing their property tax levies, with about 60% raising them by more than the 3.1% rate of inflation. Homeowners will bear nearly $600 million of this new sum. The biggest changes are expected in suburban communities north of North Avenue, where property reassessments in 2025 showed home values significantly outpacing business values, shifting an additional 2% of the overall tax burden onto homeowners. The median tax bill for homeowners in these northern suburbs climbed by 6.7% to $8,007, while the median comme...