Taxes and Fees

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Study: Effective property tax rates going up Chicago Sun-Times

This article covers the Civic Federation's Estimated Effective Property Tax Rates 2001-2010 report released January 28. The report found that effective tax rates in 2010 for residential and commercial properties rose for each of the 32…

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Property Tax Burden Up Across Chicago Region Between 2009 and 2010

Effective Tax Rates for Commercial Properties in Cook County Rise Sharply (CHICAGO) The Civic Federation released its annual estimate of effective property tax rates in the six-county region of northeastern Illinois today. The report…

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Estimated Effective Property Tax Rates 2001-2010: Selected Municipalities in Northeastern Illinois

This report compares effective property tax rates in selected communities around metropolitan Chicago and finds that effective tax rates in 2010 for residential and commercial properties rose for each of the 32 municipalities studied.…

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January 1, 2013 Marks End of 2008 Cook County Sales Tax Increase

On July 1, 2008, a one percent sales tax increase went into effect in Cook County raising the home-rule tax from 0.75% to 1.75%. The increase brought the City of Chicago’s composite sales tax rate on general merchandise to 10.25%, the…

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Property tax burden growing for homeowners

This article discusses an increase in the property tax burden for Cook County homeowners between 2001 and 2010 that occurred in large part because the value of business property dropped more significantly than home values during the…

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Rising property taxes could prompt a run on pitchforks

In this blog, Greg Hinz covers the Civic Federation’s Estimated Full Value of Real Property in Cook County report released November 26.…

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Civic Federation Supports FY2013 Forest Preserve District Budget: Negative Long-term Trends Include Significant Decline in Pension Funding

In a report released today, the Civic Federation supports the $190.3 million proposed FY2013 Forest Preserve District of Cook County budget for its discipline in identifying non-tax revenue sources as an alternative to increasing the…

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Forest Preserve District of Cook County FY2013 Budget Analysis

The Civic Federation supports the Forest Preserve District of Cook County’s FY2013 proposed $190.3 million budget for its discipline in identifying non-tax revenue sources to hold the property tax levy flat for the fourth year in a row…

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Cook County Board of Commissioners Approves FY2013 Budget

The Cook County Board of Commissioners approved the FY2013 Annual Appropriation bill (FY2013 budget) on November 9. The budget was approved with a 16-1 vote. The Cook County…

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Drop in State's PPRT Distributions Mean Less Revenue for City

Last week, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability published a blog on the State of Illinois’ Personal Property…