Taxes and Fees

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City home values only glimmer in bleak Cook property value report

This article discusses the Civic Federation's Estimated Full Value of Real Property in Cook County report, released…

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Trends in Estimated Full Value of Real Estate in Cook County

The Civic Federation today released its annual estimate of the full value of real estate in Chicago and the Cook County suburbs. After the rate of decline in estimated property values slowed for the County as a whole in 2011, the rate of…

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Estimated Full Value of Real Estate in Cook County Falls to Lowest Level Since 2001

(CHICAGO) The full market value of real estate in Cook County was approximately $414.4 billion in tax assessment year 2012 according to an annual estimate released today by the Civic Federation. The 2012 total value estimate represents a…

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Estimated Full Value of Real Property in Cook County: 2003-2012

This report provides estimates of the total market value of real property in Cook County from 2003-2012 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs.The full market value of…

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Tax Rates of Major Chicago Area Governments Continue to Grow

Second installment property tax bills for Cook County residents were mailed out this month, the third year in a row that they have been sent out on time. Between tax year 1977 and tax year 2011, second installment bills were sent out late…

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New Cook County Property Tax Bills to Include Additional TIF Information

Last week Cook County Clerk David Orr announced upcoming changes to property tax bills…

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The Illinois Income Tax: A Significant Source of Revenue for Local Governments

Under Illinois law, the State is required to share a certain portion of state income tax receipts with municipal and county governments…

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Phone tax won’t keep $20B pension bill on hold for long

This article discusses the relationship between property taxes, politics and Chicago’s drastic unfunded pension liabilities. Governor Quinn vowed to veto an early version of a pension reform bill for two of Chicago’s pension funds that…

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Illinois House Defers Major Budget Decisions

UPDATE: Illinois General Assembly Passes FY2015 Budget On May 30, 2014, a day before the end of the Illinois General Assembly’s regular spring session, the Senate passed the FY2015 budget previously approved by the House. As discussed…

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Civic Federation dings Quinn budget

This article covers the analysis of Governor Quinn’s FY2015 Recommended Budget released today by the Institute for Illinois’ Fiscal Sustainability at the Civic…