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Property taxes have grown 76 percent faster than home values in Cook County

However, some tax relief may be on the way for homeowners according to the  Tribune/Daily Southtown’s story  by Mike Nolan, “South suburban schools in line for millions in state grants, would need to abate taxes:”

Several south and southwest suburban school districts are in line to receive millions of dollars in state grants, provided they abate similar amounts in property taxes, according to the Illinois State Board of Education. They’re eligible for Property Tax Relief Grants, part of the state’s reworking of how the state funds public schools, but as the name implies, the grants require districts to provide tax relief to taxpayers in their districts in the form of property tax abatements.

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