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Know Your Rights
PROPERTY TAXESIN COOK COUNTY 
PropertyTaxes...Know Your Rights
As a homeowner, there are someimportant things to know about taxeson real property and about propertytax bills in order to ensure that yourproperty is assessed appropriately andfairly. This brochure will help youunderstand what is involved in theproperty taxation process and yourrights.
This brochure is intended for property ownersin Cook County.
Read inside to learn more.
Illinois Association of REALTORS
®
522 South Fifth Street, P.O. Box 19451Springfield, IL 62794-9451217/529-2600, FAX 217/529-3904 www.illinoisrealtor.org • IARaccess@iar.org 
©2008
Other Exemptions and Assistance ProgramsAvailable:
Contact the Cook County Assessor for information and assistance about additional programs,including the Home Improvement Exemption andexemptions fo
r
disabled homeowners and returning veterans.
 When purchasing property, it is important that you know theproperty tax amount that has most recently been paid on theproperty. You should also be aware of whether or not theseller’s tax bill includes these exemptions. Some of theexemptions may or may not apply to you as the new owner.If you have established an escrow for the payment of property taxes with your lender, send a copy to the lender and keep acopy for yourself. You should check with the lender twiceeach year to verify that your lender is paying your tax bill outof the escrow.
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