Cook County property tax bills will be higher this year
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CHICAGO (FOX 32 News) -
Your summer vacation fund could take a beating this year.
Not only are Cook County property tax bills coming early - they're likely to be even higher than last year.
Cook County Clerk David Orr released new statistics Tuesday.
His office said that county-wide property tax revenue is expected to go up 0.5 percent to $11.7 billion - despite any drop in home values.
Property taxes for homeowners in Evanston are going up about 11 percent. In Rosemont they are up 19 percent. Rolling Meadows will see an increase of 23 percent.
Government officials blame the increases on soaring pension costs, lower tax revenue and an increase in local spending to offset cuts by the state.
The property tax bills are expected to be sent out next week.
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