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Cook County Real Estate Tax Credit
Cook County Real Estate Tax Credit
So you are a buyer that is currently thinking of purchasing a home in Cook County and you are confused about the real estate taxes?
You're a seller and confused about the real estate tax credit?
Join the club!  Hopefully I will be able to explain this to you without your head exploding!  This is probably one of the most confusing aspects of buying or selling a home in the Northwest Suburbs.  
So here goes -- obviously you know that Cook County is the 2nd largest county in the United States which means it is a huge lumbering ineffective machine that has problems.  Cook County pays it's taxes 1 year or more in arrears (behind).  So as an example, we just paid the 2014 bill in full and the first half of 2015 is coming due the end of March 2016.  
Usual tax payment dates are twice a year in April and September.  Cook County takes your last full tax bill and divide it in 1/2 for the April bill of each year.  This is because the actual bill in September will have the tax bill fully approved/assessed.  So you can actually say they take the easy way ... more

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