By Michael H. Wasserman Nothing gets the phones ringing in my office quite like property tax bill season. Cook County mailed out 1st installment bills this past week. They are due by March 4th. The taxing system is dreadfully complicated and consumers, particularly new property owners, have questions. Here are some of the most common questions received in my office and, of course, some answers too! WHAT TAXES ARE WE PAYING? All Illinois property taxes are paid one year in arrears. In other words, the bills we all just received in 2014 are actually taxes due from 2013. This presents an obvious question for anyone who closed last year or earlier this month - is this my bill or the sellers?
Information for Buyers and Sellers of Chicago Area Residential Real Estate. Learn more at mhwasserman.com.