Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Chicago & Midwest  | 

Cook County Plans to Waive Late Fees on Property Taxes

Acknowledging the financial toll of the coronavirus, Cook County plans to waive late fees on property tax payments for both residential and commercial owners. The property tax relief ordinance will be presented at the next full meeting of the Cook County Board of Commissioners, scheduled for May 21.

“This can keep residents in their homes and allow businesses much needed time to recover from the COVID-19 pandemic,” said Cook County Board president Toni Preckwinkle.

Under the proposed relief ordinance, interest penalties for late payments of the second installment of property taxes, normally due August 3, will now be postponed until Oct. 1.

Any payments made on or before Oct. 1 for property tax second installments will be considered filed and paid on time by Cook County Treasurer Maria Pappas. Under state law, late property tax payments normally are charged 1.5% of the total property taxes owed per month.

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Read more at Cook County.govConnect With Cook County’s Preckwinkle

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).