Liquidity and Financial Overview of Cook County
County Property Tax
☐
The County has adjusted its property tax rate to produce
a generally flat base property tax levy amount over time
County Property Tax Rate vs. EAV¹
($bn)
Total EAV (LHS)
Tax Rate per $100 EAV (RHS)
210
0.70
180
0.60
150
0.50
In addition to the base tax levy, the County receives
additional tax revenue from expiring incentives, expired
tax increment financing districts, and new property
120
0.40
90
0.30
60
0.20
30
0.10
0
0.00
Property tax collection rates have historically been 98-
99%
2008
2010
2012
2014
2016
2018
2020
The top ten property taxpayers in the County account for
less than 2% of total EAV³
Comparison of Tax Extensions and Collections 1,2
% of Levy
Collections
($mm)
800
600
400
☐
City of Chicago property accounts for roughly half of the
County EAV
200
0
2010
2012
2014
2016
102%
100%
98%
96%
94%
2018
2020
1.
2.
Source: Cook County Clerk, Tax Extension Division; taxes for a tax year are extended for collection in the succeeding year. See also p. 31-32 of the Preliminary Official Statement dated
August 3, 2022.
Source: Cook County Comptroller's Office; Cook County Health and Hospitals System and Forest Preserve District excluded. See also p. 33 of the Preliminary Official Statement dated
August 3, 2022.
3.
Source: Cook County Treasurer's Office and Cook County Clerk's Office. See also Appendix E to the Preliminary Official Statement dated August 3, 2022.
CO
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