After a very difficult 2020, Illinois school districts received a well-deserved present on December 24 when the First District Illinois Appellate Court issued a decision rejecting a tax rate objection and upholding the legality of a property tax levy for […]
As reported in Education Week, the U.S. Supreme Court has denied a petition to hear an appeal brought by the Cook County Treasurer’s Office, the Cook County Assessor’s Office and others challenging a 7th Circuit decision allowing Illinois federal courts […]
The Illinois Appellate Court recently issued two decisions involving property tax assessments, and each is noteworthy for a different reason. One is noteworthy because it focuses on the longstanding legal principle that a party challenging the assessed valuation of a […]
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, […]
Last Friday the Illinois Appellate Court for the Third District shot down a tax increment financing (TIF) district created by the City of Crest Hill finding that the parcels within the proposed TIF area were not contiguous and stating that […]
For-profit daycare centers have a history of being denied property tax exemptions by the Illinois Department of Revenue. A recent decision from the Illinois Appellate Court upholds another such denial and extends the precedent to include for-profit daycare centers that […]
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 […]
The Illinois Department of Revenue has released the final 2019 Cook County equalization factor. The factor (sometimes referred to as the multiplier) for 2019 is 2.9160. The press release from the Department of Revenue is available here. Cook County equalization […]
