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 […]
Last Friday, the Civic Consulting Alliance (CCA) released a study that calls into question the fairness of the property tax assessment system for Cook County for residential properties. The study, commissioned last July by Cook County Board President Toni Preckwinkle […]
This past Friday, Governor Bruce Rauner issued Executive Order 2018—01 entitled “Executive Order to Eliminate Impermissible Conflicts of Interest at the Property Tax Appeal Board”. The Order states that the PTAB “shall allow no State legislator to participate in any […]
Illinois Courts are currently examining several different aspects of property tax exemptions, all of which impact the revenues of school districts and other units of local government. Most notably, the Illinois Supreme Court has agreed to hear a challenge to […]
A recent article in Education Week has caught the attention of many local educators. The article, available here, discusses a national trend in property tax assessment appeals that can have devastating effects on school district budgets. The issue is a recent […]
The Illinois Appellate Court recently reversed a decision of the Illinois Property Tax Appeal Board (PTAB) involving the taxation of a mobile home in Jones v. State Property Tax Appeal Board. While the opinion addresses a very rare circumstance, it is […]
For the past eight years, Franczek P.C. has tracked property tax assessment data obtained from the Cook County Assessor’s Office. Our data set begins in the tax year 2009 when the classification ordinance was amended to reduce the assessment levels […]
