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.)
The KSN Podcast examines various aspects of association … Read More ›
We are excited to announce that the Law Offices of Gary H. Smith, P.C. has joined Kovitz Shifrin Nesbit (KSN) effective January 1st, 2021.
The Law Offices of Gary H. Smith, P.C. represents business owners, commercial property managers, industrial property owners, condominium associations, apartment building owners, and owners of single-family homes in Chicago and the surrounding … Read More ›
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 ›