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Property tax relief becomes sticking point in Illinois’ progressive tax debate

By Greg Bishop


Illinois state Rep. Mike Zalewski, D-Riverside


SaHow to address the state’s high property taxes has emerged as the main sticking point in the debate over a proposed progressive income tax in the Illinois House.The amendment to ask voters to change the constitution’s flat income tax to one with higher rates for higher earners passed […]

Texas, Illinois & Washington lead the nation

Which U.S. States Have Seen the Biggest Property Tax Hikes in Recent Years?
Texas, Illinois and Washington are all getting pricier.


Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.

Q. What U.S. states have had the highest property tax increases over the last five years? […]

Protected: Pritzker progressive tax amendment allows for nation’s highest tax on business income

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Tax data collection bill passes Illinois Senate

By Provided News on April 7, 2019 – 2:58pm

A legislative reform package designed to improve property assessment data collection passed the Illinois Senate on April 4 and has moved to the Illinois House Rules Committee.
“Property taxes are something that every politician from both sides of the aisle talks about, but little is done to actually […]

Could Rent Controls Be Coming To Chicago?

03/02/2019, 04:54pm

Rent control gains momentum after Chicago voters again give it thumbs up

A Lift the Ban Coalition rally in support of rent control took place outside the Chicago Association of Realtors office on Friday. | Sun-Times/Alex Arriaga

By Alexandra Arriaga

Debra Miller considers herself and her husband Jimi lucky.

“We were only homeless 19 months,” she said Friday, recounting […]

Rural Illinois power plant has higher tax bill than Disneyland, Willis Tower


By Cole Lauterbach | Illinois News Network
Jun 19, 2018


Chris Allan | Shutterstock.com


A plot of land in rural northern Illinois has the highest property tax bill in the United States outside of New York.
Assessed at $546 million, Exelon’s Byron Nuclear Generating Station was charged $36.5 million in property taxes in 2017. That’s a higher tab than […]

Top Ten in Property Tax Burden

NEW YORK, NY — Residents in New Jersey and Illinois pay more in property taxes than the rest of the country, according to a new report Wednesday from the financial news and opinion site 24/7 Wall St.. The authors reviewed the effective rate — meaning the total amount of property taxes paid each year as […]

PTAB Synopsis

The Illinois Property Tax Appeal Board has published a synopsis featuring attorney Mary Kathleen Fitzgerald. It is a review of the evidence and testimony presented by her and the attorney for the school district, in a contested effort to reduce the assessed value of a bank facility, located in Kane County, Illinois. The PTAB eventually […]

H-F board applies for state grant to reduce taxes

By Marilyn Thomas on January 7, 2019 – 6:06pm

The District 233 school board unanimously approved a grant application that could help reduce property taxes by more than $2 million.
The board agreed at its December meeting to apply for the Property Tax Relief Grant. The Illinois State Board of Education will review applications this month to […]

S&P lowers it’s rating on Illinois bonds

S&P Global Ratings lowered its ratings on Illinois’ Build Illinois senior- and junior-lien sales tax bonds to ‘BBB’ from ‘AA-’ upon the implementation of our recently released priority-lien tax revenue debt criteria. The outlook is stable.

“The downgrade reflects our view of the state’s general creditworthiness, which, under the new criteria, limits the final ratings on […]