How Cook County residents can get loans for taxes
Illinois property owners who will be 65 by June 1 and whose annual household income is $55,000 or less can apply to the Senior Citizen Real Estate Tax Deferral Program for loans of up to $5,000 to cover property tax payments, Cook County Treasurer Maria Pappas said. The state issues the loans, which do not have to be repaid until the property is sold or the homeowner dies. The interest rate is 6 percent per year. Applications must be submitted to the county treasurer. For Cook County, download the application from cookcountytreasurer.com, then submit the completed application and copies of the required documents to the treasurer's office by March 1.