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Friday, November 22, 2024

Federal tax reform spurs on Cook County homeowners to pay property taxes early

Property tax 5

More than 119,000 Cook County residents prepaid their property taxes for 2018, according to a Blockshopper.com analysis of local data.

Trump’s tax reform lowered individual tax rates, but also capped the amount of property taxes those in high-property tax states like Illinois could write off at $10,000.

As a result, a record number of Cook County homeowners paid their bills early, allowing them to keep the write-off for one more year.

Nearly 50,000 homeowners in Chicago, including 5,200 with tax bills that exceed the new cap, prepaid. More than 4,000 homeowners in Arlington Heights and Glenview also paid their taxes early.

In Winnetka, where 2,118 homeowners prepaid taxes, 1,418 have property tax bills over $10,000; and in Wilmette, 3,294 homeowners prepaid, including 1,194 with tax bills over $10,000.

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Cook County taxpayers who prepaid property taxes

City RegionPeople who prepaid Percent of total people who prepaidProperty taxpayers with bills of $10k+ who prepaidPercent of total property taxpayers with bills of $10k+ who prepaid
ChicagoChicago47,47538.25%5,20533.68%
Arlington HeightsNorth4,2113.39%2191.42%
GlenviewNorth4,0973.30%6854.43%
NorthbrookNorth3,9543.19%5043.26%
EvanstonNorth3,9393.17%5943.84%
PalatineNorth3,3832.73%2121.37%
WilmetteNorth3,2942.65%1,1947.73%
Park RidgeNorth2,9682.39%3612.34%
Oak ParkWest2,9332.36%6153.98%
Orland ParkSouth2,4071.94%800.52%
SkokieNorth2,2181.79%700.45%
WinnetkaNorth2,1181.71%1,4189.18%
SchaumburgNorth2,0401.64%990.64%
Mount ProspectNorth1,7981.45%500.32%
GlencoeNorth1,4311.15%7975.16%
Western SpringsWest1,4041.13%2571.66%
Hoffman EstatesNorth1,3641.10%90.06%
Des PlainesNorth1,3591.09%310.20%
La GrangeWest1,3251.07%1851.20%
River ForestWest1,1200.90%3572.31%
Tinley ParkSouth1,0930.88%160.10%
BarringtonNorth1,0400.84%1791.16%
Morton GroveNorth9520.77%270.17%
LincolnwoodNorth9450.76%870.56%
Elk Grove VillageNorth9050.73%420.27%
LemontSouth9020.73%210.14%
Oak LawnSouth7790.63%20.01%
NilesNorth7360.59%100.06%
South BarringtonNorth6980.56%2331.51%
NorthfieldNorth6930.56%1931.25%
Palos HeightsSouth6830.55%210.14%
Palos ParkSouth6780.55%580.38%
WheelingNorth6500.52%140.09%
InvernessNorth6380.51%1641.06%
RiversideWest6350.51%580.38%
Burr RidgeSouth5870.47%1530.99%
Prospect HeightsNorth5710.46%350.23%
La Grange ParkWest5510.44%230.15%
Rolling MeadowsNorth5460.44%110.07%
Buffalo GroveNorth5020.40%30.02%
BartlettNorth4540.37%40.03%
StreamwoodNorth4170.34%40.03%
KenilworthNorth3990.32%2851.84%
BrookfieldWest3920.32%

FlossmoorSouth3920.32%380.25%
WestchesterWest3230.26%20.01%
HinsdaleWest3220.26%990.64%
Evergreen ParkSouth3070.25%

Oak ForestSouth2970.24%40.03%
BerwynWest2910.23%50.03%
HomewoodSouth2830.23%20.01%
Palos HillsSouth2820.23%60.04%
Elmwood ParkWest2700.22%

ElginNorth2590.21%80.05%
Indian Head ParkWest2430.20%40.03%
NorridgeNorth2390.19%50.03%
Willow SpringsSouth2150.17%10.01%
Forest ParkWest2090.17%20.01%
Hickory HillsSouth1900.15%30.02%
BurbankSouth1770.14%

LansingSouth1770.14%10.01%
CountrysideWest1440.12%10.01%
RoselleNorth1420.11%130.08%
South HollandSouth1350.11%30.02%
Olympia FieldsSouth1280.10%50.03%
CiceroWest1260.10%50.03%
Franklin ParkWest1160.09%130.08%
AlsipSouth1100.09%70.05%
Melrose ParkWest1100.09%20.01%
MattesonSouth1070.09%10.01%
BridgeviewSouth1060.09%50.03%
Barrington HillsNorth1040.08%530.34%
Blue IslandSouth960.08%30.02%
MidlothianSouth950.08%

CrestwoodSouth860.07%

Chicago RidgeSouth840.07%30.02%
GolfNorth840.07%250.16%
Calumet CitySouth810.07%10.01%
DoltonSouth760.06%40.03%
Hanover ParkNorth760.06%

WorthSouth740.06%

Chicago HeightsSouth730.06%40.03%
Country Club HillsSouth720.06%20.01%
Schiller ParkWest690.06%50.03%
River GroveWest680.05%

NorthlakeWest590.05%10.01%
Park ForestSouth570.05%

BellwoodWest560.05%60.04%
LyonsWest540.04%

MaywoodWest480.04%10.01%
Orland HillsSouth480.04%

RosemontNorth460.04%40.03%
GlenwoodSouth450.04%

Hazel CrestSouth420.03%

StegerSouth410.03%

JusticeSouth380.03%

LynwoodSouth370.03%

BroadviewWest340.03%40.03%
Richton ParkSouth340.03%10.01%
StickneyWest320.03%

BerkeleyWest310.03%

HarveySouth270.02%

SummitSouth270.02%40.03%
MarkhamSouth250.02%10.01%
HillsideWest220.02%10.01%
ThorntonSouth160.01%

Bedford ParkSouth150.01%40.03%
Calumet ParkSouth150.01%

North RiversideWest150.01%10.01%
Sauk VillageSouth130.01%10.01%
RiverdaleSouth110.01%

East Hazel CrestSouth90.01%

McCookSouth80.01%

HometownSouth70.01%

PhoenixSouth70.01%

BurnhamSouth60.00%

Forest ViewWest60.00%

Merrionette ParkSouth60.00%

South Chicago HeightsSouth60.00%

HodgkinsSouth50.00%

PosenSouth50.00%

RobbinsSouth50.00%

DixmoorSouth40.00%

Stone ParkWest20.00%

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