Many Cook County taxpayers could see refunds based on preliminary levy

During a meeting of the Cook County Board of Commissioners on Sept. 19, the commissioners voted to set a preliminary, or maximum levy for 2018.

The preliminary levy was set at 19.9 percent. 

This could mean some Cook County taxpayers will receive a “Special Homestead Credit Refund,” which is essentially a refund on property taxes when local taxes are increased significantly in one year.

To qualify for the special refund the net property tax on a homestead must have increased by more than 12 percent from the previous year.

To learn more about the special tax refund, click here.

This same link will take you to the page where the homestead credit form, known as the M1PR. This is the form to fill out in order to receive the refund.

Below is an interview with WTIP’s Joe Friedrichs and Cook County Auditor-Treasurer Braidy Powers about how Cook County residents find out if they qualify for the special property-tax refund.