Property Tax

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Cook County’s Property Tax

Cook County government has historically kept its property tax levy relatively flat, especially when compared to the other largest government bodies in Cook County including the City of Chicago and Chicago Public Schools, both of which have…

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The City of Chicago’s Property Tax Increase Proposal

Chicago Mayor Lori Lightfoot’s proposed budget for the fiscal year starting January 1, 2021 includes a property tax increase of $93.9 million for a total property tax levy of $1.6 billion. This blog post will explore the three component…

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2017 Effective Property Tax Rates in the Collar Counties

The Civic Federation recently released its annual Effective Property Tax Rates report. The report…

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With No Property Tax Referendum, What Can the Cook County Forest Preserve District Do to Address Financial Needs?

Now that the Cook County Forest Preserve District’s $124.7 million budget has been approved without the help of a

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Residential Effective Property Tax Rates Increased Across Cook County in Last Decade

The Civic Federation recently released its annual Effective Property Tax Rates report, which…

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Ten-Year Trend Shows Increase in Effective Property Tax Rates for Collar County Communities

The Civic Federation recently released its annual Effective Property Tax Rates report, which…

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Estimated Effective Property Tax Rates 2008-2017: Selected Municipalities in Northeastern Illinois

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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Cook County’s Newly Formed Independent Revenue Forecasting Commission Holds First Meeting

A Commission created to analyze an annual five-year forecast of Cook County revenues held its…