Cook County Launches Online Tool to Manage Delinquent Property Taxes
Cook County property owners struggling to meet the October 1 tax deadline now have an alternative to high-interest credit cards or the risk of tax sale. The Treasurer’s Office has launched a free online calculator, allowing residents to structure delinquent balances into manageable, recurring payment schedules.
The tool, accessible at cookcountytreasurer.com, targets taxpayers with balances exceeding $100. By entering a 14-digit Property Index Number or address, users can generate a personalized plan for monthly or twice-monthly payments. This system provides a window of up to 13 months to clear arrears before the unpaid taxes reach the state-mandated Annual Tax Sale.
While the calculator helps organize finances, it does not erase the legal requirement for interest. Delinquent taxes continue to accrue charges at an annual rate of 9%, or 0.75% per month. This rate reflects legislative reforms championed by the Treasurer’s office, which previously halved the penalty from 18%. The platform includes options for email or text reminders and offers video tutorials in English, Spanish, and Polish to assist residents in navigating the payment setup.
Comments (0)
No comments yet. Be the first!