Taxes and Fees

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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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Cook County Forecasts Operating Surplus for Year-End FY2022 and Small Deficit Heading into FY2023

On June 23, 2022, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2023. The fiscal year begins December 1, 2022 and ends November 30, 2023. The report provides end-of-year estimates for the…

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Chicago Referendum Campaign Launched to Increase Real Estate Transfer Tax on Multimillion Dollar Properties

Bring Chicago Home, a grassroots coalition dedicated to securing an earmarked revenue stream to combat homelessness, has launched a campaign to put a referendum on the City of…

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

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Selected Consumer Taxes in the City of Chicago - 2022

Click here to read this issue brief online.SUMMARYThis annual report lists and describes selected consumer taxes within the…

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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…

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Consumer Taxes in Chicago: Increases and Updates for 2022

The Civic Federation annually releases a report on consumer taxes in the City of Chicago. Consumer taxes are tied to the use or consumption of certain goods and services that can be charged directly to consumers through retail transactions…

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Evaluating Ideas for Homeowner Property Tax Relief

The Lincoln Institute of Land Policy (Lincoln Institute) released last week an evaluation of common property tax relief programs…

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

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Selected Consumer Taxes in the City of Chicago - 2021