The median homeowners in Cook County’s north and northwest suburbs saw their property tax bills rise 15.7% this year, according to a new study just released from Cook County Treasurer Maria Pappas’ office.
The study concludes that it’s the largest residential property tax hike for that part of the county in 30 years. The study also shows the tax burden shifting from commercial properties to residential properties, despite Cook County Assessor Fritz Kaegi’s initial campaign promises to shift things in the other direction.
The North Shore suburbs saw modest increases in their residential property taxes, but some of the blue-collar northwest communities were socked the hardest.
Rosemont saw the largest increase at 32%, although residential properties in that community are typically rebated a large portion of that sum due to the revenue that comes from business, entertainment and convention taxes.
The towns with the next highest increases were Schiller Park at 29.7% and Des Plaines at 28.7%. Some homeowners in these communities saw their taxes more than double from the year prior, much of it due to higher assessed property values.