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Tax News

Tax News2019-08-30T14:42:31+00:00

Assessor Kaegi’s Proposal

January 8th, 2021|Categories: Cook County|

Illinois SB 1379 has been assigned to committee during the lame duck session. Synopsis As Introduced Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income producing property shall submit income and expense data related to the property annually to the chief county assessment officer. Provides that, in counties with fewer than 3,000,000 [...]

City of Chicago passes tax increase and ties future increases to the CPI

November 24th, 2020|Categories: City of Chicago|

City Council approves $12.8B pandemic budget The closest vote — 29 to 21 — was on Mayor Lori Lightfoot’s plan to raise property taxes by $94 million, followed by annual increases tied to the consumer price index. By Fran Spielman Updated Nov 24, 2020, 2:00pm CST Mayor Lori Lightfoot on Tuesday won approval for her 2021 city budget during a [...]

Cook County Election Result

November 13th, 2020|Categories: Cook County|

The counting of absentee ballots has been concluded. In the Cook County Board of Review race (1st District), Tammy Wendt (D) has defeated the incumbent Dan Patlak (R). Congratulations to Ms. Wendt. 

Election Results

November 3rd, 2020|Categories: Cook County, Illinois|

The proposal to amend the Illinois constitution,  in effect ending a flat state income tax, has been defeated.  The race for Cook County Board of Review (1st District) is inconclusive with many mail-in ballots to be counted.