In exchange for a new state-of-the-art recycling center that will bring much-needed jobs to the community, the Plainfield Village Board this week agreed to a five-year property tax abatement for improvements to the old Fox Valley Press building. Read more
The owners of SouthPark Mall are trying to get their property taxes reduced. The appeal to the Rock Island County Board of Assessment comes as the city works with the owners to upgrade the mall. Read more
Saline County Tax Assessor Cheryl Pearce responded Wednesday to a charge by Rod Wallace in a Tuesday story in the Daily Register that she had lied to him. Wallace, owner of Wallace Auto Parts and Services, Raleigh said In the Tuesday story that he had not been told that the tax assessor needed more information in order to provide him with an estimate of real estate taxes on his business if he rebuilt the same buildings that were destroyed in a recent fire. Read more
A large construction project is one step closer to coming to Channahon, along with a few permanent jobs and some tax dollars, although most of the potential tax revenues will be lost for a couple of decades. Read more
There's a reason bond traders love property taxes. Unlike securities backed by, say, sales tax revenues, which often carom up and down, property taxes are predictable and stable. If you own the property, you pay what Uncle demands. Period. Read more
As the recession gripped the nation and suburban property owners were forced to find ways to hold the line, local taxing bodies did the opposite. Read more
For tax-exempt hospitals, March 2010 signaled an important moment. It was almost a national epiphany, indicating that non-profit hospitals and their property tax exemptions were no longer a foregone conclusion. Read more
An influential state legislator is the latest Chicago-area political figure caught improperly accepting more property tax breaks than the law allows. Read more
A little-noticed tax break for investor-owned hospitals that was tucked into a deal last spring aimed at saving the Illinois Medicaid program from collapse will cost the cash-strapped state at least $10 million a year in lost revenue, according to an analysis by The Associated Press.Read more
Attorneys for Sears, Roebuck & Co. and the Thornton Fractional high schools have negotiated a deal that will impact the amount of property taxes the school district receives from the Sears store at River Oaks Shopping Center. Read more
Democratic nominee Bill Enyart in the 12th U.S. House race accused GOP rival Jason Plummer on Friday of claiming an owner-occupancy tax exemption for a home in Edwardsville where he does not live. Read more
