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jackfitzgerald

About Jack Fitzgerald

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So far Jack Fitzgerald has created 149 blog entries.

TIF’s Up Close

 

Cool deal: To renovate Chicago’s Navy Pier, Mayor Rahm Emanuel used $55 million in TIF dollars—ostensibly meant for fighting blight. Barry Brecheisen/Invision for Popsicle/AP Images

The Trouble With TIF’s

by: TANVI MISRA

SEP 12, 2018

Cities love to use Tax Increment Financing to boost development. Should they?

Local governments often hail this tool as a way to revitalize investment-deprived neighborhoods, fix […]

Alternatives to the Property Tax

AN INTERESTING ALTERNATIVE TO THE  PROPERTY TAX PUBLISHED BY FORBES 9-15-18 

Each year, Americans pay billions of dollars in property taxes to support schools, libraries, parks, roads, emergency services and other necessities. But is this the best way to pay for education, transportation and other basics of life?
As a self-storage owner and developer, I am intimately […]

Law meant to give homeowners tax break may have done opposite for commercial property owners

The measure expanded property tax exemptions for seniors, crashing total assessed values in some towns
August 30, 2018 

A Cook County tax bill

A state law designed to give all Cook County homeowners a break on their property taxes may have done the opposite for owners of commercial and renter-occupied properties, especially in the city’s less affluent south […]

Solar Power

Solar Power Legislation In Illinois Could Generate $250-350

Million In Tax Revenue
August 23rd, 2018 by Jake Richardson

Illinois Governor Rauner recently signed two bills to support solar development conditions for Illinois farmers and rural areas.  They are SB 486 and SB 2591. The first creates a standard tax assessment value for local solar farms in Illinois. The second sets standards […]

California Split-Roll

A big battle over property taxes in California is shaping up for the 2020 ballot.

Supporters of a bid to increase taxes on commercial land announced Tuesday they’ve collected more than 860,000 signatures to force a vote on the issue in two years.

“This is a defining moment for California,” Fred Blackwell, CEO of the San Francisco Foundation, said […]

Circuit Court Meeting

The Cook County Circuit Court held an invitation only, informational meeting today. The specific topic discussed was the advantages and shortcomings of the current electronic filing system. 

 

Property Tax disputes land in U.S. district court

Last week a lawsuit was filed in the U.S. District Court for the Northern District of Illinois by a group of seven Cook County taxpayers challenging the time it has taken to adjudicate their claims in the Cook County Circuit Court. The lawsuit is brought, in part, under the Tax Injunction Act, a federal statute […]

Cook County TIFs to bring in a record $1 Billion

July 24, 2018
 
Over 30% of property tax collected by the City of Chicago this year comes from TIF revenue
CHICAGO – Of the $14.4 billion in property tax billed in Cook County this year, a record $1 billion is due to Tax Increment Financing (TIF), says Cook County Clerk David Orr. This is a 17.9% increase […]

Cook County Board of Review

The Cook County Board of Review has begun accepting appeals for tax year 2018. 

Women’s Property Tax Association

The Women’s Property Tax Association held their second annual fundraiser this evening at the Chicago Yacht Club. 140 attendees listened to Cook County States Attorney Kim Foxx and made plans for future educational presentations.