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 ›
Most Chicago taxpayers just received a double whammy on their recently issued 2nd installment tax bill for 2015.
First, the tax bill reflects the new 2015 assessment, which for most taxpayers is higher than the 2014 assessment. Second, the tax bill also reflects a significantly higher tax rate caused primarily by the City levying an extra … Read More ›
This year property owners in Chicago and the Collar Counties are receiving notices from the County Assessor indicating their property’s new assessment. Property owners should consider appealing this new assessment to lower their future property taxes. If you live in an association, file your tax appeal as a group with the other members. This article … Read More ›