Citadel is leaving!
Major Economic Loss for Chicago
2022 Triennial Reassessment
The Cook County Assessor has mailed the first notices in the new triennial reassessment. During 2022, all real estate in the north and northwest suburbs will be reassessed.
Maricopa County lowers property taxes to stimulate economy
Carly Moran – The Center Square contributor (The Center Square) – Maricopa County’s final 2023 budget lowers the property tax rate to 1.25% in hopes of stimulating the increasingly unaffordable housing market. “The Phoenix metro area has gone from one of the most affordable in the country to one of the hardest hit by inflation. Our goal with this budget [...]
Chicago is considering an increase in the transfer tax
The tax increase would apply to on any residential or commercial property sold for more than $1 million The proposal would create a non-binding referendum that would ask the City Council to increase real estate transfer taxes to 2.65 percent from 0.75 percent.
COOK COUNTY GOVERNMENTS HAVE LOST $89.7 MILLION, LETTING TENANTS SKIP OUT ON PROPERTY TAXES
https://chicago.suntimes.com/2022/6/10/23159531/cook-county-leasehold-property-taxes-uic-hashbrowns-maxwell-street-cta
Increased Transfer Taxes
The idea of imposing a tax on high-end real estate transfers is gaining steam in some local cities. Above, a home for sale in Corona del Mar in 2021. (Susan Hoffman) The modest South Pasadena house went on the market at just under $1.2 million and sold for a hair above $2.5 million, and when I wrote about it last [...]
World politicians to visit Chicago for property tax summit
By Samantha Chatman Friday, May 20, 2022 CHICAGO (WLS) -- Politicians from more than a dozen countries will be visiting Chicago next week to see how Cook County manages its property taxes. Visitors from Argentina, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Jamaica, Mexico, Panama, Paraguay, Peru and Uruguay will be in town for a two-day property tax [...]
Cook County Tax Sale Concluded
Cook County Treasurer Maria Pappas has concluded the annual sale of delinquent property taxes which occurred from May 12 – 18, 2022. This Tax Sale was for delinquent property taxes from Tax Year 2019, which was due in two installments in 2020. Approximately $175.6 million in unpaid 2019 property taxes were overdue on 37,176 properties in Cook County. The properties [...]
Cook County Candidate Forum
Candidate Forum May 19, 2022 at noon The Women’s Property Tax Association has invited the candidates for the Cook County Assessor and the Cook County Board of Review primary races to participate in a virtual forum. CLICK HERE TO REGISTER. This is your opportunity to hear the candidates address practitioners in the property tax field as they answer questions prepared [...]
Affordable Housing
This presentation is so overdue! #propertytax Liz Butler(She/Her) • 1stReal Estate & Land Use Attorney | AICP Certified | Chicago Lawyer 40 Under Forty6h • 6 hours ago I'm looking forward to a great conversation this Friday with Mary Kathleen Fitzgerald of Fitzgerald Law Group, P.C. about the game changing property tax incentive program for affordable housing. Thank you to [...]