In Chicago Illinois, are Propepty taxes paid annually? Or in another way, if I sold my house today, I am still due to pay second half of 2021 in taxes at my end?

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If you sell today you would be responsible for the 2021 taxes since you owned the property then. It would be reflected at closing

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Depends on county, but mostly twice a year. If you sold a house today, you would give buyer credits as estimate of last year’s taxes + few %. Then new owner would pay them in the summer when first half is due and fall when second half is due for 2021. And I guess in 2023 summer for portion Jan-Apr 2022

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That’s helpful. Thanks.
In my tax statement it shows taxes paid in 2021, which are probably for 2020, right?

Yes they have debuted me for half of 2021 and YTD!
Should be all correct math! Nervous with this closing, first time ever in the US (for an immigrant)

Right. You basically get less at closing and are paying the buyer. They will then pay Cook County when taxes are due. I am in suburban cook but assume it is the same in the city

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Twice per year. If you sold today you would give a credit to the purchasers for an estimated amount that will be due in taxes.

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