Less than 50 cents of every additional property tax dollar over the last 20 years went to pay for services that raise home values. Instead, the primary driver of the rise in property taxes was pension costs.
A new law will allow DuPage County to dissolve its election commission and transfer its functions to the county clerk’s office, saving taxpayers hundreds of thousands of dollars.
As Airbnb begins to remit Naperville’s hotel/motel use tax, some downstate municipalities are considering similar measures.
Dwyane Wade’s Matteson home has been on the market since May. At its current 5 percent effective property tax rate, the buyer would pay for it again in property taxes within 20 years.
A new sales tax proposed by Will County school districts would put some residents’ sales tax burden in a league with Chicago, which is home to the highest combined sales tax rate of any major city in the U.S.
The method by which local governments calculate Illinoisans’ property tax bills is broken. Here’s how Springfield can fix it.
While a few payouts were the result of severe injuries, local taxpayers were also on the hook for settlements with workers who returned to work the very next day.
David St. Pierre is the latest Illinois government employee to receive a generous severance package, despite leaving under questionable circumstances.
Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.
That’s why they call them taxes. If they were easy, they’d call them something else.
“Our property taxes went from $12,500 to $19,200 over the course of six years on this Norwood Park commercial property. And we’ve been losing money every year charging lower rent to accommodate for the property taxes. “We fight it every year, but $19,000 is the best we’ll get here. Can’t do it anymore, it’s not...
Southern Illinois University President Randy Dunn will receive a $215,000 severance package before taking a lucrative job at the university’s Edwardsville campus.
Illinois should take steps toward more accurate and frequent property assessments to ensure the tax burden is distributed as fairly as possible.
Months after an investigation found Lake Forest’s city manager to have squandered $200,000 on unauthorized lobbying payments, the north suburban official announced plans to retire next year.