DEC 01, 2022
Cook County Treasurer Maria Pappas speaks to the Cook County Finance Committee on Oct. 25. [Cook County Board of Commissioners Livestream]
As property tax bills begin to hit Cook County taxpayers’ mailboxes, an analysis from the Cook County Treasurer’s Office found that while most property owners saw their taxes increase, the impact is uneven between residential and commercial payers. The office released a study Thursday which shows some gentrifying Latino communities experienced dramatic spikes in their bills, increasing as much as 46 percent, sparking worries about existing residents being priced out.
“There are still inequities in our property tax system and we need to straighten it out,” Cook County Treasurer Maria Pappas said in a news release Dec. 1.
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