Cook County Launches Free Online Tool to Help Property Owners Manage Delinquent Taxes
The Cook County Treasurer has launched a free online Payment Plan Calculator designed to help property owners manage delinquent property taxes by spreading payments over time. The tool is available for those who missed the October 1 tax payment deadline and have balances exceeding $100, allowing them to create personalized monthly or bi-monthly schedules. Property owners can access their accounts using a PIN or address, review recommended payment plans, set reminders, and make immediate payments if desired. The calculator offers up to 13 additional months before taxes become eligible for the Annual Tax Sale. Interest on delinquent taxes accrues at an annual rate of 9%, down from 18% due to recent legislative reforms supported by the Treasurer's Office. The tool aims to prevent financial strain and protect property investments, with a video tutorial available in multiple languages. The office encourages residents struggling with tax payments to use this resource immediately.