Property Taxes in Suburban Cook County Continue to Soar Past Rate of Inflation: Report – WTTW News

Property Taxes in Suburban Cook County Continue to Soar Past Rate of Inflation: Report  WTTW News

Taxing agencies — including schools, parks, libraries and cities — sent property tax bills totaling $19.9 billion in 2025, 3.9% more than in 2024, according to a new analysis from Cook County Treasurer Maria Pappas’ research team. Property taxes in suburban Cook County soared past the rate of inflation in 2025, according to a new report from Cook County Treasurer Maria Pappas. Homeowners will bear 80% of that increase, as the value of residential properties outpaced commercial real estate values, according to the report from the treasurer’s office. Taxing agencies — including schools, parks, libraries and cities — sent property tax bills totaling $19.9 billion in 2025, 3.9% more than in 2024, according to a new analysis from Pappas’ research team.

The annual inflation rate in the Chicagoland region was 3.1% in 2025, records show. Property taxes in Cook County soared at double the rate of inflation between 1995 and 2025, adding $12.9 billion to property owners’ bills, according to the report. However, the median property tax bill in Chicago rose 2.2%, less than the increase in the cost of living, according to the report. Chicago homeowners were likely to pay 3.2% more in property taxes, as compared with 2% for commercial property owners, according to the report. Pappas, who is running for reelection as Cook County treasurer, is also