The new year introduces the start of a new property tax cycle and the Riverside Township Assessor is here to guide homeowners and answer any questions they may have regarding their property taxes. The Township Assessor’s Office can always be reached at (708) 447-7700 or via email at: [email protected].
In the past, Seniors who qualify for the Senior Freeze Exemption receive their renewal notices in January. This year, due to COVID-19, Cook County Assessor Fritz Kaegi is automatically renewing the 2021 Senior Freeze Exemption for most qualifying seniors who had the exemption last year. The same rules will be applied to the 2021 Disabled Homeowner Exemption.
There will be some circumstances when exemptions will not automatically renew; when a property has been sold, if the property owner owns multiple properties, or if the property is held in trust. The Cook County Assessor should be sending out a letter or post card to previously qualifying seniors regarding their Senior Freeze Exemptions around the beginning of March.
Homeowner and regular Senior Exemptions, once applied for, automatically renew. Homeowners who purchased their homes in 2020 and homeowners who turned 65 in 2021 should be able to file for their Homeowner and Senior Exemptions around the beginning of March 2022.
–2021 Assessed Valuation Appeals–
The deadline to file 2021 appeals with the Cook County Board of Review has passed. Decision letters on 2021 appeals from the Board of Review are expected around the end of March. Adjustments in assessed values made as a result of those appeals will show up on the 2021 second installment property tax bills.
—2022 Assessed Valuation Appeals—
2022 is the 3rd year of the 2020 triennial reassessment for Riverside Township. Taxpayers may file assessed valuation appeals every year and will have the opportunity to do so this year as well. The Cook County Assessor has not announced that date as this time.
—2021 Property Tax Bills—
First installment 2021 property tax bills are currently posted on the Cook County Treasurer website. They will be mailed by the end of January and due March 1, 2022. Due to delays in the 2021 property tax cycle, it is likely the 2021 second installment bills will not be due earlier than the final quarter of 2022.