Two reports issued in the past week illuminate the explosive growth in the use of tax increment financing (TIF) districts throughout Illinois and how those TIF districts are affecting the property tax burden for local taxpayers. Last week the Civic […]
Category: Property Tax
Illinois Appellate Court Rejects School Districts’ Challenge To Formation Of TIF District
In a recent decision, the Illinois Appellate Court found in favor of the Village of Winfield (the “Village”) when two local school districts challenged the Village’s formation of a tax increment financing (“TIF”) district. The School Districts argued that the […]
Federal Judge Rules Cook County Tax Sale System Unconstitutional
Late last year a federal judge ruled that the tax sale system used by Cook County is unconstitutional, violating both the Fifth Amendment and Eighth Amendment. Cook County conducts an annual sale for properties with delinquent or unpaid property taxes, […]
Yesterday the Illinois Department of Revenue released the final 2024 Cook County equalization factor. The factor (sometimes referred to as the multiplier) for 2024 is 3.0355. The tentative factor released earlier this month was 2.8487. The press release from the […]
We are delighted and proud to inform you that the Illinois Institute of Continuing Legal Education (IICLE) has just released an updated edition of a property tax publication by Franczek partners Ares Dalianis and Scott Metcalf in its 2024 Edition […]
Illinois Supreme Court Rules that Payment of Property Taxes Is Not Required to Pursue a PTAB Appeal
On May 23, 2024, the Illinois Supreme Court issued a highly anticipated ruling on whether a taxpayer is required to pay its property tax bill before pursuing an appeal at the Property Tax Appeal Board (PTAB). In Shawnee Community Unit […]
Franczek Attorney Jennifer Dunn Named Notable Leader in Employment and Labor Law by Crain’s Chicago
Franczek P.C. is pleased to announce that partner Jennifer Dunn has been recognized as a Notable Leader in Employment and Labor Law by Crain’s Chicago Business. Crain’s is honoring 40 Employment and Labor attorneys for their demonstrated legal skills; dedication to their clients; and […]
Hospital Charitable Tax Exemption Upheld by Illinois Appellate Court
Last month, in the case Carle Foundation v. Dept. of Revenue, the Fourth District Court of Appeals issued its latest decision regarding hospital property tax exemptions. The Court upheld a trial court judgment awarding the Carle Foundation Hospital system charitable […]