As of the writing of this Focus article, the Tax Year 2022 Second Installment Property Tax due date has yet to be determined. This forthcoming Second Installment bill will reflect the assessed value, state equalization factor, exemption(s), local tax rate, and total payment due. This bill will also show a Taxing District Breakdown indicating the amount being paid to each taxing district within that particular suburban municipality.
As a reminder, upon receipt of the Second Installment Tax Bill, all taxpayers in Orland Township should carefully review this property tax bill to make sure that it reflects the property tax exemption(s) to which one may be entitled. Depending upon each taxpayer’s particular circumstances, these exemptions may include:
Homeowner Exemption
Senior Exemption (born in 1957 or prior year)
Low-Income Senior Citizens Assessment Freeze Exemption “Senior Freeze” (senior citizen residing in home as of Jan. 1, 2021 and Jan. 1, 2022, with a total gross household income including gross social security for income tax year 2021 of no more than $65,000)
Persons With Disabilities Exemption
Veterans With Disabilities Exemption
Returning Veterans Exemption
Our office will be happy to assist you with filing Application(s) for missing exemptions for the current 2022 property tax year, as well as three prior years, if applicable, in order to receive refunds.
A total of 89 2022 Board of Review Appeals were filed through our office during the Cook County Board of Review filing period of 12-12-2022 through 1-10-2023. The Cook County Board of Review mailed their appeal result letters approximately 3-10-23. Of these 89 Appeals, 57 or approximately 64% resulted in reductions. These assessed valuation reductions will be reflected on the 2022 Second Installment Property Tax Bills. Thirty-two of the appeals, or approximately 36%, did not result in reductions. The following is a breakdown of the number of appeals which resulted in assessed valuation reductions in the various range categories:
32 Did not receive any assessed valuation reductions
2 Received reductions ranging from 1 – 999
21 Received reductions ranging from 1,000 – 1,999
17 Received reductions ranging from 2,000 – 2,999
13 Received reductions ranging from 3,000 – 3,999
2 Received reductions ranging from 4,000 – 4,999
1 Received a reduction ranging from 5,000 – 5,999
1 Received a reduction ranging from 7,000 – 7,999
The approximate dollar amount of savings per every 1,000 reduction in assessed valuation would be $300. This approximate figure was calculated by multiplying 1,000 times the 2021 state multiplier of 3.0027 times a sample tax rate of 10% (2022 final state multiplier and 2022 actual tax rates not available as of the writing of this article). The total assessed valuation reductions of the 57 appeals in which our office assisted with the appeal process equaled 140,061. Based on the above formula: 140,061 X 3.0027 X 10% = $42,056. This figure represents the approximate total savings to these 57 taxpayers.
2023 is a Triennial Reassessment Year. Reassessment Notices will be mailed directly from the Cook County Assessor’s Office to our Orland Township taxpayers. As of the writing of this Focus Article, we have not been given specific appeal filing dates through the Cook County Assessor’s Office. Our taxpayers will also be given a second opportunity to file 2023 Appeals through the Cook County Board of Review. For detailed information regarding appeal filing dates, taxpayers may visit cookcountyassessor.com or cookcountyboardofreview.com.
Once Orland Township opens for appeals, taxpayers choosing to schedule appointments with our office may do so by phone. Appointments are limited, and may be made by calling (708) 403-4712.
If you have any further questions regarding property taxes, you may contact me or one of my staff, Mary Ellen Colletti or Judy Vonderheide, at (708) 403-4712. We will be happy to assist you. Please stay well and safe, and enjoy the summer!