Chicago Mayor Brandon Johnson delivered his 2025 budget Oct. 30, including a nearly $1 billion deficit, runaway spending and low revenues that have him breaking his campaign promise not to raise property taxes.

Gov. J.B. Pritzker recently approved two laws intended to spur change in the way property taxes work in Illinois. They are old ideas that will provide more show than relief.

Updated budget forecasts show a $982 million shortfall for the upcoming 2025 budget as Chicago grapples with $223 million remaining deficit this year. Mayor Brandon Johnson refuses to rule out property tax hikes.

Illinoisans paid the second-highest property tax rate in the U.S. in 2022, with the median Illinois homeowner spending more than taxpayers in Alabama, West Virginia, Arkansas, Louisiana and South Carolina combined. See how your county compares.

See how much the median property tax bill was in your county. See how it compared with other Illinois counties.

Cook County property taxes rose by $909 million. Property owners should expect bills in the mail after Nov. 1, which are due Dec. 1

While most Cook County residents have seen property taxes rise, the suburbs saw the biggest hikes during the past 20 years. Chicago homeowners and business owners are feeling less tax pain than their suburban peers.

Chicago’s residential property taxes between 2020 and 2021 were pretty volatile. Don’t be happy about a big drop, though, because it might mean your home isn’t worth as much.