In Illinois, disabled veterans can get property tax breaks, sometimes paying no property taxes, based on their disability status, not their income status.
How Disabled Veterans Receive Exemptions
In the past, the property tax exemptions available to property owners in Cook County have come under fire as allowing too many people to be eligible for property tax … Read More ›
“Class 6b” sounds like it could be an obscure bureaucratic rule. In fact Class 6b is a tax incentive opportunity designed to encourage economic development in Cook County.
The incentive applies when the real estate is used primarily for “industrial purpose,” and there is either new construction, substantial rehabilitation or substantial reoccupancy of abandoned property.
The conditions … Read More ›
How do you determine a fair property assessment for a unique industrial structure that hasn’t been in operation for years? Is it possible to come to a determination that is best for the property owner and is acceptable to the local government at the same time?
That’s the challenge put before me recently when my office … Read More ›
The old adage still applies.
The only things certain in life are death and taxes. Hoping that you are in good health, let’s focus on property taxes in Chicago and Cook County. You must pay.
Do I have to pay taxes if I’m in the process of filing an appeal?
There is a common misconception that if you … Read More ›