COOK COUNTY, Ill. – A recent analysis from the Cook County Treasurer’s Office revealed that property taxes for some homeowners in the south and southwest suburbs will significantly increase.Read More
Cook County Treasurer Maria Pappas said the median tax bill jumped a record 19.9 percent in the region after analyzing the second and final round of tax bills for the 2023 tax year.
The steepest increases in homeowners’ tax bills were seen in 15 southern suburbs, where taxes surged by 30 percent or more. Of the 15 suburbs, 13 have mostly Black populations. In two of the suburbs, Dixmoor and Phoenix, the treasurer’s office said the median tax bill more than doubled.
“Many homeowners are going to be shocked and angry when they get their bills,” said Pappas. “South suburban homeowners already pay some of the highest property taxes in the county, and these increases will make paying those bills even more difficult.”
The suburbs with the highest median increases are:
Dixmoor: 122.44% median increase in amount billed to homeowner
Phoenix: 106.86% median increase in amount billed to homeowner
Calumet Park: 72.15% median increase in amount billed to homeowner
Markham: 72.20% median increase in amount billed to homeowner
Park Forest: 55.99% median increase in amount billed to homeowner
Thornton: 57.96% median increase in amount billed to homeowner
East Hazel Crest: 58.92% median increase in amount billed to homeowner
Hazel Crest: 39.04% median increase in amount billed to homeowner
Glenwood: 41.31% median increase in amount billed to homeowner
Burnham: 36.37% median increase in amount billed to homeowner
Harvey: 82.18% median increase in amount billed to homeowner
Bedford Park: 49.07% median increase in amount billed to homeowner
Riverdale: 46.95% median increase in amount billed to homeowner
Sauk Village: 25.91% median increase in amount billed to homeowner
Richton Park: 39.14% median increase in amount billed to homeowner
The analysis showed that property taxes across Cook County increased by approximately $706 million, rising from $17.6 billion to $18.3 billion. Homeowners are bearing the brunt of this rise, contributing an additional $611 million, or nearly 86 percent of this year’s increase.
Meanwhile, commercial properties are paying an extra $102.9 million, and taxes on vacant land have decreased by $7.8 million.
