The impact of the pandemic on the tax bases of local governments is slowly becoming clearer as the number of retailers filing for bankruptcy protection grows. Last week, Tailor Brands, owner of Men’s Wearhouse and Jos. A. Bank Clothiers stores, […]
Category: Property Tax
Last week, the General Assembly adopted legislation that attempts to clarify the power of county boards to waive all or a portion of the interest penalty of 1.5% per month that is normally applied to late property tax payments. The […]
Earlier today the Cook County Board of Commissioners approved an ordinance declaring that no interest will accrue on the second installment of 2019 taxes, due on August 3, 2020, provided the taxes are paid on or before October 1, 2020. […]
Yesterday Cook County Board President Toni Preckwinkle announced that the County Board of Commissioners will be considering an ordinance at their May 21st meeting to waive penalty interest for 60 days following the August 2nd due date for the second […]
Several County governments have taken steps to move the due dates for property tax payments or have eliminated the penalty provisions for taxpayers who do not pay taxes on time. To date, we are aware of four counties that have […]
In yet another change brought about by COVID-19, the Cook County Board of Review is now providing notice of new Property Tax Appeal Board (PTAB) appeals by electronic mail. Since PTAB acquired jurisdiction in Cook County to adjudicate assessment appeals […]
On Friday, The Chicago Sun-Times reported that Cook County Assessor Fritz Kaegi is moving to send notices to all property owners in Cook County regarding the effect of the coronavirus on property owners. Reassessment notices will still be sent to all property […]
The Families First Coronavirus Response Act (“FFCRA”) requires employers with fewer than 500 employees and government employers to provide emergency sick and FMLA leave benefits to employees for reasons related to COVID-19. The FFCRA helps non-government employers pay for these […]