CHICAGO (WGN) — Cook County homeowners may finally have something to smile about when it comes to taxes.

Cook County Board President Toni Preckwinkle announced on Monday a relief program for homeowners worth a whopping $15 million.

"People are working hard to make ends meet, and we know that's a challenge," Preckwinkle said.

Bridget Gainer is commissioner of the 10th District.

"The interest that is collected on back taxes and on delayed taxes was a way that we were able to identify that there were excess funds in the budget," Gainer said.

The allocated funds resulted from a county-commissioned study conducted by the University of Chicago.

"What they found was this unpredictability in property taxes was something that was happening countywide," Gainer said.

The assessor’s office show

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