Due to the impact of the COVID-19 pandemic, there have been massive declines in state sales tax and local income tax revenues. In order to restore operating budgets, states are looking to property taxes to close the gaps. Illinois is no exception.
Illinois property owners already pay the second highest property taxes in the United States. … Read More ›
“Property Tax Appeals” – KSN attorney Timothy Jacobs reviews the property tax appeal process for community associations and commercial properties in the Chicagoland area. Tim also discusses what community associations and commercial properties can expect to see during the 2021 appeal season due to the Coronavirus pandemic. (11 mins.)
KSN Podcast episodes are available here: www.ksnlaw.com/podcast
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On Friday, February 5th, 2021, Illinois Governor Pritzker issued the latest in a series of Executive Orders addressing the COVID-19 pandemic.
New Executive Order
Executive 2021-04 extends the moratorium on Illinois evictions to March 6, 2021. The new Order maintains the identical requirements from the prior Order (2021-01) and only allows landlords to proceed … Read More ›
Condominium, homeowner (HOA), and townhome community association members have been impacted by the spread of the COVID-19 virus.
Association leaders, board members, and property managers have been forced to adjust community operations, fiduciary duties, and governance. Board meetings, common area maintenance, elections, and social activities have been affected by social distancing, safety precautions, and public health … Read More ›