Almost 11,500 property owners who overpaid their First Installment taxes will automatically get back $25.4 million in refunds this month, Cook County Treasurer Maria Pappas said. Almost 4,000 refunds go to homeowners who are receiving property tax exemptions. The value of those exemptions is applied to the Second Installment tax bill, reducing the total taxes due. Pappas has tried to make homeowners aware of potential exemptions as she attends community events throughout Chicago and suburban Cook County. To see if you are receiving a portion of the refunds, visit cookcountytreasurer.com, select the purple box labeled “Your Property Overview” and enter your address. The refunds, which the Treasurer’s Office will begin issuing this week, include:
• 5,137 homeowners who paid their property taxes online or by check will see funds electronically deposited to their bank or credit card accounts totaling $14.9 million
• 5,484 homeowners who paid their taxes through a bank/mortgage escrow account will be mailed refund checks totaling $10.1 million
• 808 homeowners who paid taxes totaling $412,177 in cash and will be mailed a refund application to ensure the proper party receives the refund
Pappas launched the automatic refund program in July 2018. Since then, 121,000 property owners have received about $82 million in refunds without having to fill out an application. As a reminder, Second Installment 2020 property taxes are due Friday, Oct. 1.