The Illinois Department of Revenue has released the tentative 2015 Cook County equalizer, and it is scheduled to decrease by about 4.4% from the 2014 level. Property taxes are a product of the assessed value, equalizer, and local tax rate. We expect the Cook County Clerk to release 2015 tax rates in early June prior to the mailing of the 2nd installment tax bills in late June. 2nd installment tax bills are expected to be due on August 1, 2016.
Attached is the official release.