$ 25.4 million in automatic property tax refunds starting in October
Nearly 11,500 homeowners who overpaid their taxes on the first installment will automatically receive a $ 25.4 million refund this month, Cook County Treasurer Maria Pappas said.
Almost 4,000 refunds go to homeowners who benefit from property tax exemptions. The value of these exemptions is applied to the tax account of the second installment, reducing the total tax due.
Pappas tried to educate homeowners about potential exemptions as she attended community events all over Chicago and suburban Cook County.
âMy office’s outreach efforts, along with the Black and Latino Houses Matter program, are helping homeowners better understand how they can reduce their property tax burden,â said Pappas.
To see if you are receiving any portion of the refunds, go to cookcountytreasurer.com, select the purple box labeled “Preview Your Property” and enter your address.
Refunds, which the treasurer’s office will begin issuing this week, include:
â¢ 5,137 homeowners who have paid their property taxes online or by check will see funds deposited electronically into their bank or credit card accounts totaling $ 14.9 million
â¢ 5,484 homeowners who paid their taxes through a bank / mortgage escrow account will be mailed refund checks totaling $ 10.1 million
â¢ 808 homeowners who have paid taxes totaling $ 412,177 in cash and will receive a refund request in the mail to ensure the good part receives the refund
Pappas launched the automatic reimbursement program in July 2018. Since then, 121,000 homeowners have received approximately $ 82 million in reimbursement without having to complete an application.
As a reminder, the second payment of the 2020 property taxes is due on Friday, October 1.