First Installment Tax Bills Due March 1st, 2022    

First installment property tax bills for tax year 2021 will be arriving in mailboxes in early February, according to the Cook County Treasurer’s Office. Property taxes are paid in two installments.  The first installment is fifty-five percent (55%) of a property's total tax bill for the previous year, and will be due on March 1, 2022.

 

Taxpayers should note that first installment tax bills will not reflect homeowner, senior citizen or other exemptions, nor will they reflect the impact of successful assessment appeals filed for tax year 2021.  Exemptions and successful appeals will instead appear on second installment bills, along with the effect of changes in the tax levies of local governments.

 

Total tax bills for the year will be calculated at the time the second installment tax bills are issued.  The amount due on the second installment will be the total annual tax bill for each property, less the first installment payment. Taxpayers should be aware that second installment tax bills, which are ordinarily mailed at the end of June, will be issued several months later than normal this year. 

 

Details about Paying Taxes.  Property owners who do not have mortgage companies paying their taxes can make tax payments in person, by mail, or online at the Cook County Treasurer’s web site, www.cookcountytreasurer.com.  Those wishing to pay in person can do so at the Cook County Treasurer’s downtown office at 118 N. Clark Street and at any Chase Bank in the Chicago area.

 

If money for property taxes is paid into an escrow account with a taxpayer’s mortgage company, the financial institution should receive the tax bill electronically, even if the taxpayer also receives a copy of the bill. Taxpayers with property tax escrows held by their mortgage companies should not pay property taxes on their own, as this may result in a double payment of taxes.  But taxpayers with mortgage escrows should check the Cook County Treasurer's website to verify that their mortgage companies have paid the taxes.

 

Release date:  January 30, 2022

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