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About Jack Fitzgerald

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So far Jack Fitzgerald has created 78 blog entries.

Chicago Building Boom

Due to excellent demographics and a favorable tax climate, there are currently 52 high rises under construction in Chicago. At least two dozen more projects are planned. Location of 52 high ridge projects.

 

State by State Comparison

The latest report on property tax comparisons within the USA has been released. A report from Attom Data shows just how nuts things are becoming with regard to taxes. Property taxes have become extreme in the North. The average annual property tax bill in Alabama in 2016 was $776 compared to the the highest average is New Jersey […]

Women’s Property Tax Association

The Women’s Property Tax Association conducted a seminar entitled “Practice in the Collar Counties”. The conference was attended by 78 professionals and featured presentations by numerous experts.

$540,701,000,000: U.S. Property Taxes Hit Record in 2016

By Terence P. Jeffrey | March 27, 2017 | 4:58 PM EDT
(CNSNews.com) – Americans paid a record $540,701,000,000 in property taxes to state and local governments in fiscal 2016, according to the U.S. Census Bureau.

That was up $16,748,620,000—or about 3.2 percent–from $523,952,380,000 in property taxes (in constant 2016 dollars) that state and local governments collected […]

Cook County Tax Incentive Changes

The Cook County Board has passed substantial amendments to its real estate tax incentives ordinance. The changes are effective May 1, 2017. The changes can be viewed at propertytax.com/cook-county/tax-incentives

Governor Rauner is proposing a property tax freeze.

Issues associated with a property tax freeze.

The Cause of Excessive Property Tax Bills

Opinion: The truth about your property tax bill

Written By: Austin Berg, INN Contributor
March 2, 2017

Illinoisans are struggling to pay the highest property taxes in the nation, and that’s largely due to unfair overspending in local governments.

But you wouldn’t know it by asking your local elected officials. Especially not now.

“Free money” that local governments get […]

Illinois disabled Vet exemption being abused

ST. CLAIR COUNTY, IL – Our investigation led us to lavish homes on golf courses and lakes, where homeowners pay no property taxes. We found it in Illinois, a place where homeowners usually pay the highest property taxes in the nation.

It’s causing a crisis for kids. One school district in St. Clair County alone says […]

Federal Reserve is watching apartment towers

(Bloomberg)—A decade after the U.S. housing market collapsed, Federal Reserve officials are watching rising apartment towers as the next potential asset-price bubble, which could add to the debate about the pace of interest-rate hikes this year.

Fed Chair Janet Yellen cited commercial real estate prices as “high” in a speech Jan. 19 at Stanford University. That […]

Revised Tax Incentive Amendment

PROPOSED AMENDMENT TO FILE 17-0293
FEBRUARY 8, 2017
BUSINESS AND ECONOMIC DEVELOPMENT COMMITTEE
SPONSORED BY: JESÚS G. GARCIA, Commissioner
TAX INCENTIVE ORDINANCE
BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 TAXATION, ARTICLE II REAL PROPERTY TAXATION, DIVISION 1. – GENERALLY, Sec. 74-46 AND DIVISION 2. – CLASSIFICATION SYSTEM FOR ASSESSMENT, Sec. 74-62 through Sec. 74-73, […]