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8,500 homeowners to get automatic refund

8,500 homeowners to get automatic refund
September 17
14:16 2020

Surendra Ullal

CHICAGO: More than 8,500 homeowners who overpaid their First Installment taxes, are set to receive $12.8 million in refunds without filing an application, Cook County Treasurer Maria Pappas said here.

“Since we launched the automatic refund program in July, 2018, 110,000 property owners have received about $56.4 million in refunds without an application,” Pappas said.

More than 60 percent of the refunds will be deposited directly into property owners’ accounts. To see if you are receiving a refund, visit cookcountytreasurer.com and select the purple box labeled “Your Property Overview.” Just put in your address.

The refunds will be issued and completed by Monday, October 2, 2020. Here is the breakdown:

  • 4,552 homeowners who earlier this year paid by check or online will receive credits to their bank or credit card accounts totaling $8.1 million
  • 3,998 homeowners who paid through a bank/mortgage escrow account will be mailed refund checks totaling $4.7 million
  • In addition, 306 homeowners whose taxes totaling $400,000 were paid in cash will be mailed a refund application to ensure the proper party receives the refund

Most of the refunds go to homeowners receiving property tax exemptions, which are applied to the Second Installment tax bill and reduce the total taxes due. The exemptions include: Homeowners, Senior Citizen, Senior Assessment Freeze and Disabled Persons.

The Second Installment property tax bill was due August 3, but property owners can pay without late fees through Thursday, October 1.

 

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