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.
A number of state and local lawmakers in Illinois practice property tax appeals litigation. But a pair of bills recently filed in the General Assembly would end their ability to benefit at the expense of taxpayers.
An order currently under consideration by Chicago City Council challenges the assessments of seven properties, four of which have been the subject of property tax appeals by the law firms of Chicago Alderman Ed Burke or Illinois House Speaker Mike Madigan.
Alderman Ricardo Munoz's proposal highlights seven expensive properties in or around the Loop that aldermen contend were underassessed, shifting the property tax burden to other property owners.
Illinois House Speaker Mike Madigan, Senate President John Cullerton and state Rep. Robert Martwick are all involved in the clout-heavy cottage industry of property tax appeals.
The Cook County assessor may have to pay $41,000 in fines for accepting donations in excess of the limit allowed by Cook County campaign finance rules.
The office of Cook County State’s Attorney Kim Foxx signed off on a $2 million property tax settlement with the property tax firm headed by Foxx campaign donor Alderman Ed Burke.
While effective property tax rates might be on the decline in some communities, census data show Illinois families are seeing a larger share of their household budgets eaten up by property tax bills.
A new investigation by the Chicago Tribune and ProPublica Illinois reveals the mismanagement of the Cook County property tax system, and the politically connected firms who profit from it.