University of Chicago researchers have found inaccurate and unfair assessments by the Cook County Assessor’s Office led to $800 million of the property tax burden shifting from owners of Chicago homes in the top 10 percent (by sale price) to owners of homes in the bottom 70 percent.
Despite residents seeing some of the highest property tax bills in the state, the Wheeling Board of Trustees approved a preliminary agreement giving a developer nearly $7 million to build apartments and retail space in the village.
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.
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...
A District 211 board member is sitting in on negotiations with the same teachers union that bought her campaign signs during the 2017 District 211 school board election. But much more than yard signs, Illinois' collective bargaining laws for government worker unions stack the deck against local taxpayers.