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 […]
Category: Property Tax
Appellate Court Clarifies Truth in Taxation Law
April 24, 2019
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 […]
New Cook County Assessor Fritz Kaegi Lays Out His Plan for Office
February 21, 2019
At a meeting of the City Club of Chicago today, Cook County Assessor Fritz Kaegi presented his plans to modernize the Assessor’s office. Kaegi announced that the first area of Cook County he will reassess is the north and northwest […]
Illinois Supreme Court Finds Hospital Tax Exemption Constitutional
September 20, 2018
Today, the Illinois Supreme Court issued a decision in Oswald v. Hamer marking the latest chapter in a controversy dating to 2003. The decision finds that Section 15-86 of the Illinois Property Tax Code, which provides a special charitable property tax exemption […]
Last week a lawsuit was filed in the U.S. District Court for the Northern District of Illinois by a group of seven Cook County taxpayers challenging the time it has taken to adjudicate their claims in the Cook County Circuit […]
Records Containing Only Facts Are Not Subject to Section 7(1)(f) Predecisional Exemption
July 16, 2018
Recently, an Illinois Court of Appeals issued a decision mandating disclosure of assessment records from the Cook County Assessor’s Office to the Chicago Tribune under the Illinois Freedom of Information Act (“FOIA”). In this case, Chicago Tribune Company v. Cook County Assessor’s Office, […]
Final 2017 Cook County Equalization Factor Released
June 1, 2018
The Illinois Department of Revenue has released the final 2017 Cook County equalization factor. The multiplier for 2017 is 2.9627. The press release from the Department of Revenue is available here. As the following chart demonstrates, the final Cook County equalization factors have […]
Today, the Illinois Supreme Court heard oral argument in Oswald v. Beard, a case challenging the constitutionality of the statute exempting most hospitals from paying anyproperty taxes. This is the latest episode in the long-running legal and political battle over hospital […]