South Suburban Property Tax Bills Will Rise 3.9 Percent

In the final step before property tax bills are mailed out, the Cook County Clerk's office released the complete 2016 property tax rates for each of the county's more than 1,400 taxing agencies.

South suburban homeowners in Cook County can expect to see their bills rise by an average of 3.9 percent this year. That equates to an extra $192.32 on the average bill (which currently totals about $5,000 per year), according to figures released Tuesday by the Clerk's office.

North suburban homeowners in Cook County can expect to see their bills rise by an average of 6.5 percent this year, while the average residential taxpayer in the City of Chicago can expect to see the largest increase to their bill, roughly 10 percent, according to the Cook County Clerk.

The average commercial bill in Southern Cook County is expected to increase by 3 percent decline by 4.2 percent, adding $262.62. dropping by $852.68.
In the North suburbs, rates will rise an average of 6.5 percent,

Due August 1, tax bills are calculated based on the amount of money sought from all applicable taxing districts (the levy), the property’s assessed value, the state equalization factor (a multiplier to provide uniformity to assessments) and the applicable tax rate. (Sign up for our free breaking news alerts and newsletters for your community.)

» Read the Full 2016 Tax Rate Report (via Cook County Clerk)

Patch Editor Jonah Meadows contributed to this report.