Pappas asks: Military members and veterans, are you getting the property tax relief you deserve?
Pappas asks: Military members and veterans, are you getting the property tax relief you deserve?
Members of the military can defer Cook County property taxes interest-free while on active duty, one way to ease the financial sacrifice of service to our country, Treasurer Maria Pappas said today.
“We owe more than we can ever repay to the men and women of the armed services and their families.” Pappas said. “The property tax deferment at least helps them make ends meet while they protect us.”
To obtain the deferment, members of the military must apply at cookcountytreasurer.com.
Service members pay no interest on property tax payments that come due from the start of active duty until 180 days after release from duty, Pappas said. After that, the interest rate is just 6 percent per year, well below the 1.5 percent per month (or 18 percent per year) mandated by state law for unpaid taxes.
Illinois law also offers property tax benefits to veterans, including:
• Returning Veterans Exemption
• Disabled Veterans Exemption
To verify your exemptions (going back four years) and to see if you are entitled to a refund (going back 20 years), go to cookcountytreasurer.com:
• Select “Your Property Tax Overview”
• Search by address or by Property Index Number (PIN)
Latest Stories
- CTU Gathers with Faith-based Leaders to Highlight Recent Tentative Agreement Wins for Students and Educators
- COOK COUNTY COMMISSIONER KISHA MCCASKILL TAKES CENTER STAGE AS SOUTH SUBURBAN COMMUNITY UNITES FOR A GREENER FUTURE
- RICH TOWNSHIP SUPERVISOR CALVIN JORDAN LEADS HEARTWARMING SPRING CELEBRATION FOR HUNDREDS OF FAMILIES WITH “EASTER JAMBOREE” CELEBRATION
- Local Musician’s Career Spans 50 Years
- Have Questions About Money? The Illinois State Treasurer’s Office Can Help
Latest Podcast
STARR Community Services International, Inc.
