Twice a year, homeowners in the Chicagoland area receive their property tax bill; an unwelcome reminder from the county letting them know the escalating cost of owning property in the state of Illinois. In fact, the Tax Foundation recently identified Illinois as having the second highest…
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 as a bargaining chip for a budget that could include an income tax hike. The Governor has asserted repeatedly…
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…
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…