Le Lézard
Classified in: Business
Subjects: LEG, POL

Pappas returns $32 million in overpayments to taxpayers


CHICAGO, Aug. 10, 2017 /PRNewswire-USNewswire/ -- A program to avoid duplicate property tax payments has handed back $32.3 million to property owners this year, Cook County Treasurer Maria Pappas said today.

The Stop Taxpayer Over-Payment System (STOPS) automatically returns a second tax payment on a property. Nearly 6,100 double payments were prevented in 2017.

"The program has been helpful to property owners by letting them avoid seeking a refund," Pappas said. "STOPS also has allowed us to reduce our staff, which saves money for all taxpayers."

The STOPS program helps taxpayers who have forgotten that they have already paid their taxes. Sometimes, it prevents married couples from paying the taxes separately. More often the program comes into play when two mortgage companies try to pay the same tax bill.

Since STOPS began in 2009, more than 72,000 double payments have been avoided. A total of $306.2 million in duplicate payments have been returned.

If a payment is stopped, it can be resubmitted only if the second payer is legally responsible for the payment. In that case, the first payer is authorized to receive a refund.

In addition, the Treasurer's Office this year also reduced about 900 checks to the amounts actually due, preventing overpayments totaling $206,000.

SOURCE Cook County Treasurer's Office


These press releases may also interest you

at 11:19
On 29 March 2024, BTR New Material Group Co., Ltd. ("BTR")(835185.BJ), a global leader in battery materials, inked an investment agreement with the Moroccan government to erect a lithium battery ternary cathode material facility in the country. The...

at 11:08
AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM, "AERKOMM"), an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp , a SPAC focused on the technology, media and telecommunications...

at 11:00
American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services, LLC ("TOTE Services") today announced the execution of a Memorandum of Understanding (MOU) to jointly conduct a feasibility study (hereinafter...

at 10:30
Unifi Aviation is making a pledge to employ 500 refugees over the next three years, a commitment the company made at the second annual TENT U.S. Business Summit on Refugees hosted by Pfizer at its global headquarters in New York City on March 26....

at 10:15
Today, Investopedia announced the winners of its 2024 Best Online Broker Awards, featuring 14 categories highlighting winners whose products and services helped investors navigate rising but volatile markets, a crypto resurgence, and new assets like...

at 10:12
NerdsToGo®, a leading information technology (IT) solutions and technology repair services franchise for both business and home, announced today plans for its strategic expansion throughout the greater Chicago area with 20 new territories available...



News published on and distributed by: