Cook County Homeowners - be prepared to put some of that gift-giving money aside.... those property tax bills that were supposed to be mailed out back on August 1st are heading towards your mailbox on Wednesday and will be and payble by December 13th. http://cookcountytreasurer.com/default.aspx
By all outward appearances, state government in Illinois has ground to a complete halt, with all eyes focused on the Governor's "problem" and all the related fal - der -rah. Its hardly business as usual in Springfield, but not everything has ground to a halt. Several new bills have been introduced this week. That is not to say that they will be of benefit to we the people. Nonetheless, the cogs and gears are turning, and we are hoping for the best. One such proposal comes from Rep. LaShawn Ford of Chicago's west side, who is himself a real estate broker and entrepreneur . He is the author of House Bill 155 , introduced & referred to the Rules Committee Wednesday. It seeks to address one of the most common problems I am seeing in condominium resale transactions these days; the tension between many Declarations of Condominium and FHA loan guidelines. Many Condo Declarations provide Associations with a "right of first refusal," which basically allows t
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In Chicago, that tax rate went down about two tenths of one percent, but the multiplier increased by 13%.
In order that any given tax bill to stay constant or increase only moderately. the properties' assessed valuation must have gone down. By and large, a good many Chicago homeowners did see reduced assessed valuations and they should - like you - see little or no change to their bills this year.
I am in the process of reviewing several tax bills for clients who bought and sold this year. Some have decreased fairly substantially. Others, sad to say, have gone up severely. At least one unfortunate river north condo complex is suffering a 33% increase!.
I suppose that is at least one "positive" in declining property values.
the state multiplier went up pretty substantially so that contributed to your tax increase. also, the method that the county used to compute the size of homeowners exemptions changed this year and perhaps that had some impact too.
on a personal level, i am sorry to hear that your taxes went up so high. as a county resident, i guess i want to thank you for helping to help fund the government and keep our communities as livable as they are.