Tax Payment and Assessment Calendar
Cook County
Tax Payment Calendar
January of the Year after the Tax Year:
1st installment tax bill issues in amount equal to 55% of prior year tax.
2009 1st installment tax bill was issued late January, 2010, with a due date of March 2nd, 2010.
Fall of same year (date dependent upon completion of assessment & tax levy process)
2nd installment tax bill issues (in amount which reflects any change from prior year in assessment, state equalization factor and/or local tax rate).
Tax Assessments Calendar
Subject Tax Year
January
Schmidt Salzman & Moran, Ltd. begins assembling data from its clients, consulting with appraisers, and conducting in-depth analysis of each of their clients’ properties in anticipation of the triennial assessment. In addition, the firm, on an on-going basis conducts that same in-depth analysis to obtain assessment reductions for clients’ properties deserving of additional relief in any non-triennial year, and for new clients entitled to relief whether or not previous triennial relief was obtained by them.
Summer
Assessor begins reassessing values of properties in the triennial section on a township-by-township basis and mails taxpayer’s notice of the proposed triennial assessment. There is a limited period of time given by the Assessor to file complaints, evidence and briefs contesting the valuations. (See Cook County Assessor’s Filing Date Schedule)
Summer
Clients send Schmidt Salzman & Moran, Ltd. reassessment notices, which begins submitting complaints, evidence and briefs to Assessor contesting Assessor’s Subject Tax Year valuations.
Winter
Board of Review begins accepting complaints contesting the Assessor’s valuations. (See Cook County Board of Review Filing Date Schedule)
Winter
Schmidt Salzman & Moran, Ltd. begins submitting complaints, evidence and briefs to Board of Review contesting Assessor’s Subject Tax Year valuations.
Year Following Subject Tax Year
January
Schmidt Salzman & Moran, Ltd. continues to represent its clients before the Assessor and Board of Review with respect to Subject Tax Year and also begins its compilation of data, consultation with appraisers and in-depth analysis of clients’ properties in the next triennial reassessment section. (See Cook County Township Map)
Early Summer
Assessor completes reassessment for Subject Tax Year.
Mid-late Summer
Board of Review completes its review of Assessor’s assessments for Subject Tax Year.
Mid-late Summer
Assessor restarts the reassessment process for the next scheduled triennial reassessment section of the County.
