An Illinois Appellate Court recently ruled that the general homestead exemption applies to a couple leasing a single-family home. In Shrake v. The Rock Island Treasurer, the Court determined the couple, as leaseholders, were entitled to the general homestead exemption because […]
Recently, the Civic Federation, a government research organization, released a report of the Property Tax Appeal Board that details the history of the PTAB backlog of appeals, extrapolates data from the last fifteen years, and provides several recommendations for how to […]
The Illinois Department of Revenue has released the final 2018 Cook County equalization factor. The factor (sometimes referred to as the multiplier) for 2018 is 2.9109. The press release from the Department of Revenue is available here. Cook County equalization factors […]
Last week the Illinois Appellate Court ruled that the Truth in Taxation Law does not require a taxing district to document its estimated property tax levy and that a public hearing is not required if a proposed levy is less […]
