By this time of the year, folks are usually starting to receive tax related statements from their place of employment or companies where they have investments. One of the key benefits of owning your own home or having a real estate rental or investment property is the ability to deduct the property taxes you pay against the income you’ve earned on the property or to reduce your personal income tax liability.

I’ve created a short video below to help you understand some of the basics around property taxes in Cook County, Illinois.