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from Local Attorney, Michael H. Wasserman

Sunday, January 24, 2010

Cook County Property Tax Bills

We all know that the first installment, the "estimated" installment comes out every spring - due and payable on the first business day in March. (March 2nd for us here in 2010).

Two big changes this year - one expected and one a surprise:

First installment tax bills are higher than in past years - Previously, the County assessed 1st installment taxes at 1/2 of the previous year's taxes. This time, we will pay 55%.

Now the surprise - bills were mailed out this week and hit many mail boxes this weekend - a full week earlier than in past years.

What does this say about the state of governmental cash flows?