Maine Township Assessor Offers Advice on Tax Bills
January 30, 2015 — The first installment on property tax bills for tax year 2014 arrived in the last week of January, according to Maine Township Assessor Susan Moylan Krey. "Property taxes are paid in two installments," Krey said," The first installment bill is 55% of the total property tax bill from the previous year and will be due on March 3, 2015."
Taxpayers should note that first installment tax bills will not reflect any exemptions nor any successful assessment appeals that were filed for the tax year 2014. When the second installment bill is mailed this summer it will reflect all the exemptions for which the property is eligible as well as savings due to successful 2014 tax appeals.
If money for property taxes is paid into an escrow account with the taxpayer’s mortgage company, the financial institution should receive the tax bill electronically, even if the taxpayer also receives a copy of the bill, Krey says. Krey advises taxpayers with the property tax escrow held by their mortgage companies not to pay property taxes on their own as this will result in an overpayment.
Property owners who do not have mortgage companies paying their taxes can make payments in person, by mail, or on-line at cookcountytreasurer.com. In-person payments are accepted at the Cook County Treasurer's downtown office at 118 N. Clark St., Chicago and at any Chase Bank.
Maine Township residents with questions should call the Township Assessor's office at 847-297-2510 for assistance or stop by during regular business hours.