Amidst the current crisis, Illinois property taxes have been impacted by both legal and procedural changes.
In late May 2020, the Illinois General Assembly passed SB685 allowing counties to provide property tax relief by extending property tax payments up to 120 days.
Legislation has automatically renewed homeowner exemptions (ex. Senior Citizen Homestead Exemption, Senior Citizen Assessment Freeze Exemption) for … Read More ›
This year, property owners all over Chicagoland are receiving notices from the County Assessor indicating their property’s new assessment. While all property owners should consider appealing their new assessment to lower their future property taxes, you should consider filing your tax appeal as a group if you live in a condominium, townhome or homeowner association.
This … Read More ›
Governor Bruce Rauner is promoting a property tax freeze as part of his “Turnaround Agenda” for Illinois. A property tax freeze is being floated in Springfield, Illinois as a bargaining chip for a budget that could include an income tax hike. The Governor has asserted repeatedly he will not accept an income tax increase without … Read More ›
As an Illinois property owner, it’s unlikely you have remained unaffected by the current state of property taxes. Whether you live in a single family home or in a condominium that is part of an association, here are four factors that may put your property tax assessment in perspective:
Illinois has the highest property taxes in … Read More ›