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City of Chicago Triennial Reassessment Has Begun

by Steven Kandelman The 2018 triennial reassessments for properties located in Chicago have started to issue. The Assessor’s 2018 assessment notices for properties located in Rogers Park Township were mailed on April 23, 2018 with complaints due by May 23, 2018.  The 2018 assessment notices for properties in Lake View Township were mailed on May […]

See How Your Property Tax Bill Is Calculated and Where It’s Distributed

For information regarding this topic, please use the link below. https://content.govdelivery.com/accounts/ILLAKE/bulletins/1e8a22d    

State of Illinois has the most taxing districts in the nation

By Steven Kandelman Illinois lost about 33,700 residents from July 1, 2016 to July 1, 2017 according to the U.S. Census Bureau, and now has fewer residents than Pennsylvania.  Our state is now the sixth most populous state in the U.S.  This is the fourth consecutive year that Illinois’ population has decreased. This decline has […]

Cook County Court Clerk Requests Delay of E-Filing

by Michael Reynolds The Clerk of the Circuit Court of Cook County, Dorothy Brown, has issued a request to the Illinois Supreme Court that she be permitted to delay for one year the requirement that most documents being filed in civil cases in the Circuit Court be filed electronically.  As recently as November of 2017, […]

Increases to the Homeowner’s, Senior’s and Senior Freeze Exemptions which will take effect for the second installment 2017 tax bill

by Steven Kandelman The Illinois legislature signed Public Act 100-0401 into law on August 25, 2017 which will increase the value of the General Homestead Exemption, Senior Citizens Homestead Exemption and will raise the limitation for the Senior Citizens Assessment Freeze Exemption for all counties in Illinois.  For all homeowners who have their principal residence […]

Illinois House Passes School Funding Overhaul

by Steven Kandelman On Monday, August 28, 2017, the Illinois House passed an education funding plan which will increase state money for all districts and attempt to reduce the differences in educational funding in richer and poorer districts.  The Illinois House passed the legislation 73-34 and Governor Rauner signed the bill.  This funding bill will […]

Illinois’ New Budget does not stop the Governor’s Call for a Property Tax Freeze

By Steven Kandelman July 12, 2017 After two years of not having a budget or 736 days without a budget, the Illinois Senate and House voted to override Governor Rauner’s veto and enact a budget for 2017 on Thursday, July 6, 2017.  The budget plan is expected to generate an estimated $5 billion in new […]

City Of Chicago Sewer Charge Exemption For Seniors

The City of Chicago has initiated a sewer charge for Chicago residences to help offset the deficit in funding for pensions owed to the employees of the City of Chicago.  The sewer charge will be in addition to, and equal to, the water bill that is assessed for each residence. Senior citizens owning their homes […]

Recent Amendments to Tax Incentives

by Steven Kandelman On March 23, 2017, the Cook County Board passed new amendments to the incentive tax ordinances. (Secs. 74-46, 74-62 thru 74-73 of the Cook County Code) The intended recipients of many of the Assessor’s tax incentives are owners and/or tenants who agree to purchase and/or inhabit distressed properties that are undergoing new construction […]

Illinois Supreme Court Vacates Appellate Court Decision to Remove Property Tax Exemption for Hospitals

by Steven Kandelman In an opinion issued on March 23, 2017, the Illinois Supreme Court vacated a 4th District Appellate Court decision to remove the property tax exemption for not-for-profit hospitals in The Carle Foundation, et al. v. Cunningham Township, 2017 IL 120427 (2017).  The case will be remanded back to Circuit Court to determine […]