Property Tax

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How Should the City of Chicago Evaluate Property Tax Increases?

Throughout the 2023 Chicago mayoral campaign, Mayor Johnson stated that it was his intention to avoid increasing property taxes, citing concerns…

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Addressing the Financial Entanglements Between the City of Chicago and Chicago Public Schools

With the upcoming implementation of an elected school board to oversee Chicago Public Schools, the governance of CPS will be separated from the City of Chicago. The 21-member elected school…

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Estimated Effective Property Tax Rates for Selected Municipalities in Northeastern Illinois in 2019

This post presents information on residential, commercial and industrial estimated effective property tax rates in northeastern Illinois municipalities in 2019, with some comparisons to rates a decade prior. The Civic Federation produces…

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Estimated Effective Property Tax Rates 2010-2019

Click here to read the full report.…

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What Is a PTELL Referendum and How Does It Work?

In the State of Illinois, non-home rule units of government located in counties subject to the Property Tax Extension Limitation Law (PTELL) are limited in the size of their annual property tax extension to 5% or the increase in the…

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Civic Federation Supports Passage of Forest Preserve District of Cook County Property Tax Referendum

In a position statement released yesterday, the Civic Federation announced it supports passage of…

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New Report: Illinois Property Taxes Among Highest in Nation

It is conventional wisdom that taxpayers in Illinois pay some of the highest property taxes in the nation. That assertion is borne out in a report…

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Effective Property Tax Rates in South Cook County for Tax Years 2005 to 2019

Click here for a PDF of this issue brief. This post presents information on residential and commercial effective property tax rates…

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Property Tax Cap To Hit 5% Limit For First Time In 2022

The Illinois Property Tax Extension Limitation Law (PTELL) limits the growth of a taxing district’s property tax levy to 5.0% or the rate of inflation, whichever is less.[1]  Taxing bodies annually can…

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Estimated Effective Property Tax Rates 2009-2018: Selected Municipalities in Northeastern Illinois

Click here to read the full report.