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20-5667
| 1 | | REQUESTING PRESENTATIONS FROM THE COOK COUNTY TREASURER AND COOK COUNTY ASSESSOR TO DISCUSS THE IMPACT OF INCREASED PROPERTY TAXES ON CONSTITUENTS | Resolution | PROPOSED RESOLUTION
REQUESTING PRESENTATIONS FROM THE COOK COUNTY TREASURER AND COOK COUNTY ASSESSOR TO DISCUSS THE IMPACT OF INCREASED PROPERTY TAXES ON CONSTITUENTS
WHEREAS, property taxation in Cook County is a complex system that involves numerous stakeholders and factors; and
WHEREAS, the Cook County Treasurer is tasked with overseeing the second-largest property tax collection and distribution system in the United States collecting approximately $15.6 billion each year in taxes and distributing the funds to over 2,000 local government agencies with tax collection jurisdiction; and
WHEREAS, the Cook County Assessor is tasked with establishing fair and accurate property assessments and conducts a reassessment of one-third of Cook County each year; and
WHEREAS, in October 2020 Cook County Treasurer Maria Pappas released an analysis of real property taxation in Cook County spanning a twenty-year time period titled “The Pappas Study”; and
WHEREAS, the report findings include a substantial increase in property taxes of up to 87% in Suburban Cook County and 115 | recommend for approval | Pass |
Action details
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