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.

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.

The method by which local governments calculate Illinoisans’ property tax bills is broken. Here’s how Springfield can fix it.

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.

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.