First Installement Property Tax Bills Due March 1, 2017
First installment property tax bills for tax year 2016 were mailed by the Cook County Treasurer January 27. According to Jan Churchwell, New Trier Township Assessor, "Property taxes are paid in two installments. The first installment bill… is fifty-five percent (55%) of a property's total tax bill for the previous year, and is due on March 1, 2017."
Taxpayers should note that first installment tax bills do not reflect ANY exemptions, nor do they reflect the impact of successful assessment appeals filed in tax year 2016. Exemptions and changes in assessed valuations will appear on the second installment bill.
Total tax bills for the year should be calculated by late June, at which time second installment bills will be issued. The amount due on the second installment will be the total annual tax bill for each property for tax year 2016, less the first installment payment.
Details about Paying Taxes. If money for property taxes is paid into an escrow account with a taxpayer’s mortgage company, the financial institution should receive the tax bill electronically, even if the taxpayer also receives a copy of the bill. Jan Churchwell advises taxpayers with property tax escrows held by their mortgage companies not to pay property taxes on their own. If they do, an overpayment of property taxes may result.
Property owners who do not have mortgage companies paying their property taxes can make tax payments in person, by mail, or online at the Cook County Treasurer’s web site, www.cookcountytreasurer.com. In-person payments are accepted at the Cook County Treasurer’s downtown office at 118 N. Clark Street and at any Chase Bank in the Chicago area.
Questions: Contact Assessor Jan Churchwell firstname.lastname@example.org or Deputy Assessor, Leonard Shifflett, at email@example.com or at 847-446-8200.
The New Trier Township Assessor’s office is located at 739 Elm Street, Winnetka, IL 60093