Property tax pain looms in a pandemic-ravaged economy – Chicago Sun-Times

Cook County Commissioner Larry Suffredin estimated, based on his conversations with property-owning residents and businesses, the default rate on the tax bills due to be sent this summer will be 30%. He said Cook County typically allows for a 3% default rate when it computes the tax rates needed to raise necessary revenue for local governments.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE