When the property tax bill comes each year, it’s hard to focus on any other number except for the amount owed, but it’s important for taxpayers to understand how the county arrives at that bottom-line amount. How an Assessment Is […]
When the property tax bill comes each year, it’s hard to focus on any other number except for the amount owed, but it’s important for taxpayers to understand how the county arrives at that bottom-line amount. How an Assessment Is […]
There is a lot of work behind the scenes that goes into how each property tax bill is calculated. For one portion of the county, this will be the first bill under the new assessment system introduced by Cook County […]
In a case in front of the Illinois Supreme Court, groups are challenging the state’s law that provides property tax exemptions to area not-for-profit hospitals in return for them providing free or discounted services to poor and underinsured people. However, […]
As Cook County awaits the verdict on whether there will be another property tax increase, spouses of fallen first responders in Chicago are receiving some tax relief. Chicago’s City Council approved a new ordinance that provides property tax abatements for […]
When Cook County property owners receive their tax bill each year, it’s hard to remember those dollars are used to fund various municipal offices, administrative costs and various government entities, which includes public schools, libraries, and often park district systems. […]
In Cook County, the property tax burden has shifted to commercial and industrial properties and away from homeowners. The new Cook County assessor, Fritz Kaegi, began the process of reassessing properties in Cook County when he took office in January. […]
Illinois Gov. JB Pritzker recently signed into law House Bill 833, which amends the property tax code to automatically renew the Senior Citizen Homestead Exemption in Cook County once it’s been granted. This bill passed both the House and Senate […]
Cook County property owners, who have already been dealing with lower average home prices and property tax bill increases since 2007, might be asked to pay even more in the coming year. Cook County’s chief financial officer and the Cook […]
A recent ruling in an Illinois Appellate Court could change the standard definition of who qualifies for the homestead tax exemption to include renters under certain circumstances. When Renters Are Liable for Property Taxes The Illinois Third District Appellate Court […]
The Illinois General Assembly is considering two pieces of legislation that would limit the amount of property tax levied on affordable housing. This could increase property taxes across the board. What Each Bill Would Do The pending bill is Senate […]