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Crain's Chicago Business: Surprise: Chicago homeowners will carry more of the property tax burden
WTTW: Cook County Property Tax Bills Arrive After Months of Delays and Finger-Pointing
Cook County property owners are about to get an early gift this holiday season: their long-delayed property tax bills will be available online Tuesday — and due Dec. 30, officials said.
That means the second-installment of property owners’ 2021 tax bills will be more than 150 days late amid months of bureaucratic wrangling and finger pointing among Cook County officials. In a typical year, this bill is due Aug. 1.
Daily Herald: Arlington Heights proposes no property tax hike for fourth straight year
For the fourth consecutive year, Arlington Heights officials are proposing no increase in the village property tax levy, thanks to more sales and income taxes received and better interest earnings in pension funds.
Municipal sales tax receipts reflected a 22% increase from the last budget, the home-rule sales taxes were 27% higher, and income taxes had a 35% increase. At the same time, police and fire pension fund interest earnings were solid, and surpluses from prior years were used to make extra pension payments. Employee health insurance costs were also lower than expected, according to Finance Director Tom Kuehne.