Board of Review Completes Appeals Session on Time; Positioning Tax Bills to Meet Statutory Deadline for Third Straight Year
Meeting statutory deadline reduces costs to local government entities
(Chicago)—The Cook County Board of Review has completed its analysis of appeals on more than 402,000 properties and transmitted the results to the County Assessor, closing the 2013 Assessment Appeal Session. The 402,000 property index numbers (PINs) appealed was the third highest in the recorded history of the Board and the highest number of appeals for the North triennial assessment year. 87% of all appeals were filed online, the highest percentage of online appeals processed by the Board in a single session.
The timely close of the Board of Review positions Cook County to meet its statutory deadline to mail tax bills for the third year in a row. If the other Cook County offices remain on schedule, tax bills will be mailed July 1, 2014with a payment due date of August 1, 2014. As a result, school districts, libraries and other local governments would receive property tax funding in August and would not be forced to divert money from investments or take short-term loans to start the school year and fund operations. For example, in 2010, taxing bodies received their property tax proceeds in December and caused some school districts to assume debt costing millions of dollars in lost revenue and interest.
“Getting the property tax cycle back on track has saved Cook County taxpayers millions of dollars,” said Commissioner Michael Cabonargi. “The Board of Review demonstrates how effective, efficient government can work for Cook County residents.”
Commissioner Cabonargi personally led 42 outreaches in the 2013 session which directly aided thousands of property owners in filing appeals. Because of the increased volume of appeals, the Board of Review is in the process of re-engineering its internal workflow to make the appeal process more efficient, easier for property owners, and more transparent.
“The Board staff should be commended for doing an outstanding job,” said Commissioner Michael Cabonargi. “Our staff has worked hard and smart to ensure home and business owners get a fair assessment and the tax system works for them.”
Now that the Board of Review is closed for the 2013 session, Cook County property owners must wait until July 2014 to preregister to appeal their 2014 assessments. Residents are encouraged to check the Board of Review’s website at www.cookcountyboardofreview.com for updates.
The Cook County Board of Review is a quasi-judicial independent office responsible for adjudicating assessment appeals for all property in Cook County. The Board consists of three Commissioners elected in three distinct districts in Cook County. In the last ten years, the Board has seen a 200% increase in appeals filed without a substantial increase in technology and a decrease in funding. Please contact the Board of Review at (312) 603-5542 with any questions. For more information, please go towww.CookCountyBoardofReview.com.