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Showing posts from February, 2013

Cook County Property Tax Bills are Here!

by Michael H. Wasserman, Attorney at Law

Cook County property owners wee mailed last week. Better start asking around if you did not receive yours yet - those bills are all due by March 1st. If you know a property's PIN, you can look them up at the County Treasurer's web site. If you do not know the PIN, you can look that up at the Cook County Assessor's site.

QUICK TIPS FOR HOME BUYERS Home buyers especially for first time home buyers, should not panic after looking at a 1st installment tax bill. Sure it looks like a 10%  increase over last year. Yes, the tax bill may (probably will?) go up, but for now - it is just too soon to tell. First installment bills areestimates only. They are automatically set at 55% of the previous year's levy. County and Municipal taxing bodies still have to finalize their respective budget processes and the actual tax bills will not be computed or sent out until they do, We should see that in late summer or this fall.

Buyers who are closin…