Pappas asks: Military members and veterans, are you getting the Cook County property tax relief you deserve?
CHICAGO, Nov. 6, 2019 /PRNewswire/ -- 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:
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:
SOURCE Cook County Treasurer’s Office