In Cook County, all properties- residential, commercial, and industrial – are reassessed every three years. This triennial reassessment ensures that property values reflect current market conditions and that each property owner pays their fair share of property taxes based on the property’s estimated value.
The reassessment determines the assessed value of each property, … Read More ›
On March 26, 2025, U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an interim final rule and request for comments. The interim rule eliminates the requirement under the Corporate Transparency Act (CTA) for U.S.-based entities, including community associations, and their board members to report beneficial ownership information to FinCEN.
As a result, subject … Read More ›
With the rise of smart home technology, video doorbells like Ring and Nest have become a common security feature for homeowners. These devices offer added safety and convenience, allowing residents to monitor visitors and deliveries in real time. However, in community associations where shared spaces and privacy considerations come into play, video doorbells can present … Read More ›
Elections play a vital role in maintaining a well-governed condominium, homeowner (HOA), and townhome community associations. These elections, which typically involve choosing board members or voting on significant issues, can vary in type from annual board member elections to special elections called to address urgent matters (ex. filing a board vacancy). Understanding the nuances of … Read More ›