Tag Archives: property tax freeze

Clarification on Cook County Board Property Tax Freeze

Cook County Property Tax FreezeIn a recent move described as “historic,” the Cook County Board of Commissioners have approved the “Cook County Taxation Predictability and Long-Term Fiscal Forecasting Amendment.” This has been described as freezing Cook County’s property and sales tax rates until January 1, 2020.

The amendment provides certain impediments to future tax levy increases after January 1, 2020, including that the Cook County Bureau of Finance must provide the Board with a fiscal forecast that analyzes revenues, expenditures and planned debt issuance for three years should the tax change occur.

This sounds good on the surface but is less appealing once you dig into it.
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