CHICAGO (CBS) — Millions of dollars in property tax refunds will soon be delivered to thousands of Cook County homeowners, because of recent increases in tax benefits.
The Cook County Treasurer’s office said it is issuing a total of $19.5 million in refunds to 53,000 homeowners, due to changes in property tax exemptions that affected bills due this month.READ MORE: Chicago Culture Celebrates The City While Giving Back To Youth For Black History Month
New legislation passed by state lawmakers last year increased existing tax benefits for homeowners and senior citizens, according to the treasurer’s office. For some homeowners, that not only eliminated the taxes they were supposed to pay by Aug. 1, but resulted in a refund of their first installment payments made earlier this year.
Approximately 36,000 homeowners who paid by check or online will get a credit on their bank or credit card accounts by Aug. 15.READ MORE: Mother And 10-Year-Old Daughter Dead, 4 Family Members Hospitalized After House Fire In Auburn Gresham
Another 15,000 homeowners who paid through a mortgage or escrow account will get a refund check in the mail by Oct. 15.
For 2,000 homeowners who paid their tax bill in cash, a refund application will go out in the mail by Aug. 15 to make sure they can get their refund.
All homeowners entitled to a refund should get a letter from the treasurer’s office by Aug. 9.MORE NEWS: Chicago Weather: Warm But Wet Sunday Morning Ahead Of Cold Front
To find out if you’re eligible for a refund, enter your address or Property Index Number at the treasurer’s website, under the section “Your Property Overview.”