If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
Village officials are trying to control expenses by cutting staff as growing pension costs continue to gobble up local tax dollars.
Sangamon County billed homeowners $215 million in 2017. This meant owners of a $127,000 Springfield home had a $2,600 property tax bill.
A joint service agreement between two fire departments could save Lake Bluff more than $500,000 over five years, once fully implemented. The plan would be a welcome change of pace for residents, as Lake County homeowners pay some of the highest property taxes in the nation.
After passing an unbalanced budget in 2017, Decatur will have to address its declining population and revenue as it looks ahead to crafting future budgets.
A new study confirms Cook County's broken property tax assessment system causes owners of lower-value homes to bear a disproportionate share of the tax burden.
Fixing what ails the state requires Illinoisans of all political stripes to be honest about how they got here.
Following years of work by consolidation advocates, the McHenry Township board of trustees passed a motion allowing voters to decide whether to dissolve their local road district in November.
From 2005 to 2015, home values are down, property taxes are up and educational outcomes haven't seen a big improvement.
In a comparative analysis of taxes and fees in the nation's top 15 cities, Chicago won first place more times than any other city.
Every relationship comes with some sacrifices. But for an alarming number of Illinoisans, they're opting instead to sacrifice their state IDs.