Illinois

Before Bloomington District 87 school board members approved a tax abatement request at their Wednesday meeting, they heard opposition from a resident and support from City Manager David Hales. Read More

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Several months ago, a member of the Greater Rochelle Economic Development Corporation board approached the Rochelle Elementary District Board of Education requesting a five-year tax abatement on the Fairway’s Golf Course it is currently running, and last week at June’s regularly scheduled board meeting, it took the board members some time before coming to a conclusion. Read More

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Chicago homeowners and businesses have grown accustomed to up-to-the-limit school property tax increases, but they might be forced to endure even more pain to bail the Chicago Public Schools out of a $1 billion shortfall. Read More

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The city believes a new economic development incentive application process will push forward only worthy projects, and officials on Monday said the first project to go through it will only benefit the public. Read More

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Cook County Inspector General Patrick Blanchard says Joe Berrios has been dodging a subpoena for nearly a year. Read More

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Ald. Edward M. Burke, the most powerful member of Chicago’s City Council, is also Edward M. Burke, attorney at law. His specialty: getting property-tax cuts and refunds for an A-list of business clients that includes Commonwealth Edison, Northwestern Memorial Hospital, Avis Rent a Car and dozens of other companies that do business with City Hall. Read More

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Mayor Laurel Prussing is continuing to take a strong stand against a state-mandated property tax exemption for Carle Foundation Hospital, and she plans to ask for support from local lawmakers. Read More

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Quincy Township is asking for a 34.1 percent increase in its property tax levy because officials said its surplus funds have been depleted in recent years because of rising costs and declining revenue.Read More

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Village trustees on Monday approved a site plan review and variance for a 76,000-square-foot addition at Coilplus of Illinois at 14023 S. Coilplus Drive at Route 30 just north of 143rd Street. Read More

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Gov. Pat Quinn on Tuesday signed legislation to reduce property tax bills for Illinois seniors. Read More
 

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There’s a struggle going on in Lake County over the property tax rates that private country clubs are charged. Depending on how it resolves, homeowners in Lake County—not just in its affluent lakeshore towns, but in middle-class places like Mundelein and Gurnee—may end up having to pick up the slack, to the tune of about $2 million a year tacked onto their property tax bills. Read More

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Gov. Pat Quinn is expected to sign legislation passed last week by the Illinois General Assembly that would save Cook County senior citizen homeowners $200 annually on their property tax bill, Cook County Assessor Joe Berrios told the Chicago Sun-Times. Read More

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Voters in Illinois said no to a number of money requests by school districts. In O’fallon a property tax increase for District 90 was rejected by more than a thousand votes. In Fairview Heights a property tax increase for the Grant School District was also rejected, leaving the district to borrow money to get through next year. Read More

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The Illinois state House has approved a bill that would limit local government borrowing through backdoor property tax hikes, the Illinois Review reports. Read More

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The way some local governments ask for property taxes can look a lot like going to a restaurant. Read More

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The Illinois House has passed a proposal that aims to limit some backdoor property tax hikes fueled by local government borrowing. Read More

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For Chicago homeowners, the sun is setting on the 7 percent cap on property assessment increases — a break created during the real estate boom to rein in steep property tax hikes. Read More

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Just days before the election, the challenger to incumbent Cunningham Township Assessor Dan Stebbins' office says 2013 has shown a "pattern of systemic overassessment." Read More

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Joliet Cold Storage will move forward with plans to open a cold storage warehouse in Joliet. Read More

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A worker for the Cook County assessor's office is charged with accepting $9,000 in kickbacks for helping property owners get homeowner exemption refunds, according to Cook County prosecutors. Read More

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