$22M Property Tax Refund Surge: Exclusive for Cook County Homeowners – How to Be Eligible?

Cook County Residents to Receive $22 Million in Automatic Property Tax Refunds

Refunds to Be Deposited Directly or Sent via Mail

According to the Chicago Tribune, Cook County Treasurer Maria Pappas announced that more than 10,000 residents of Cook County will receive an automatic property tax refund due to overpayments on their property taxes. The property tax refund initiative which is expected to distribute over $22 million by August 9 will see the majority of the 10,099 eligible property owners receiving funds through direct deposit. The remaining homeowners will get paper checks in the mail. Pappas explained that the overpayments mainly resulted from property tax exemptions that many homeowners qualify for particularly senior citizens and individuals with disabilities. She noted that these exemptions often exceed the amount of property taxes billed so since taxpayers already made a first installment payment in March, they are entitled to automatic refunds as a convenience.

Homeowners in Cook County made their first installment of their property tax refund for 2023 on March 1 with the second installment due on August 1. The property tax refund will benefit those who have paid more than they owe due to the exemptions. Residents do not need to file any paperwork to receive these refunds making the process simple and efficient. To check if they are eligible for a refund homeowners can visit the Cook County Treasurer‘s website. Pappas advised those visiting the website to click on the purple box labeled “Your Property Tax Overview” and enter either their address or their 14-digit Property Index Number.