Property Taxes

Illinois State Capitol in Springfield

Property Tax Freeze, Chicago Pension Relief Advance

A bill to freeze property taxes for two years and provide pension relief to Chicago Public Schools has advanced in the Illinois Legislature.

17 hours ago

Illinois State Capitol in Springfield

House Property-Tax Freeze Fails; Rauner Says It’s Not Enough

Democrats in the Illinois General Assembly and Gov. Bruce Rauner spent Tuesday talking about the same issue — relief from increasing local property taxes — but they talked past each other in a continuing deadlock over a state spending plan due by June 30.

06/09/2015

Illinois State Senate chamber in Springfield. (Photo by Whitney Curtis /Getty Images)

Illinois Senate Rejects Rauner’s Priorities, Advances Budget

Illinois Democrats agreed to give some of Republican Gov. Bruce Rauner’s priority reforms a platform Wednesday but still voted them down in an exercise that could further fuel a politically charged standoff that’s expected to extend the summer.

05/28/2015

Illinois State Capitol

Republicans Take Turn In Battle Over Budget, Reform

Proposals addressing workers compensation, changes to the civil legal system and a freeze on property taxes are on the agenda Wednesday in Senate committees.

05/27/2015

Daniel Alexander's 112-square foot treehouse is billed as a romantic retreat on Airbnb, for $195 a night or $1,200 a week. (Credit: Daniel Alexander/Airbnb)

Should Luxury Treehouse Get Its Own Property Tax Bill?

Property tax officials in Schaumburg have begun researching whether additional property taxes should be levied against the owner of a treehouse who rents it out as a romantic getaway.

05/13/2015

(Credit: Thinkstock)

Lawmakers Seek Public Input On Plan To Revamp School Funding

State lawmakers who have predicted huge property tax hikes for suburban homeowners under a measure to overhaul funding for public schools have invited the public to provide input on the plan Tuesday night in Arlington Heights.

10/21/2014

Republican candidate for governor Bruce Rauner discusses plans to revamp property, income, and sales taxes in Illinois. (Credit: Craig Dellimore/CBS)

Rauner Announces Plan To Overhaul Income, Property, Sales Taxes

Republican candidate for governor Bruce Rauner on Thursday offered a plan to revamp the state’s tax system, and voiced support for raising the minimum wage, coupled with business reforms.

07/17/2014

Joseph Berrios

2 Investigators: Assessor Going After Tax Cheats Under New Law

It took two years for the Assessor Joseph Berrios to get new laws he needed for this action — an effort that began after a 2 Investigators report in 2011 on one of the biggest violators. CBS 2’s Pam Zekman reports.

06/09/2014

Gov. Pat Quinn (Credit: CBS)

Governor: Extending Income Tax Hike Could Help City Pensions

Municipalities statewide have pushed for legislative help for underfunded pensions. Mayors say costs have risen, pension obligations are crowding out spending for other services and raising property taxes may be the answer. Quinn’s against raising property taxes.

04/28/2014

Photo Credit Thinkstock

Kane County Property Tax Referendum Draws Opposition

A local anti-tax group wants to defeat a referendum next week which would raise Kane County property taxes to help developmentally disabled adults.

03/14/2014

Joseph Berrios

Berrios Says Bribery Case Trial Testimony Is ‘A Total Lie’

Cook County Assessor Joe Berrios had one word Wednesday to describe testimony linking him to allegedly corrupt property tax adjustment deals in a federal bribery trial: “Bull—-.”

10/24/2013

Chicago Teachers Union president Karen Lewis speaks about education reform at a City Club of Chicago luncheon. (Credit: CBS)

Lewis Points Finger At ‘Rich White People’ For School Problems

A day before the first set of school closings was set to begin, Chicago Teachers Union President Karen Lewis had some harsh words about how the Chicago Public Schools are funded and managed, blaming much of the district’s problems on racism.

CBS Chicago–06/19/2013

(Credit: Thinkstock)

Schools Worry About Covering Teacher Pension Costs

Public school administrators told lawmakers Thursday that some local districts would have to raise property taxes if legislators vote to have them cover the cost of teacher pensions.

05/10/2013

Better Government Association logo. (Credit: BGA)

BGA: Cook County Treasurer Received Improper Property Tax Exemptions

She’s the Cook County Treasurer – the woman responsible for collecting property taxes, but now the Better Government Association has found the county did not collect thousands of dollars it should have gotten from Maria Pappas and her husband years ago.

CBS 2–10/17/2012

Mitt Romney (Photo by Justin Sullivan/Getty Images)

Opinion: Mitt Romney’s Tax Problem

Mitt Romney is the person who needs to put up or shut up in his dispute with Harry Reid. There is no reason to believe a word he is saying about his taxes.

08/09/2012

Property Tax Payment

Time Running Out For Paying 2010 Property Taxes

Property owners who still haven’t paid their 2010 taxes are receiving one last chance to make good on their bills.

WBBM Newsradio–07/26/2012

Property Taxes

Report: Falling Property Values Mean Falling Tax Revenues In Chicago

Falling property values mean falling tax revenues in Chicago.

CBS Chicago–07/19/2012

Cook County Seal

County Property Tax Review Analysts Charged With Bribery

Two Cook County property tax review analysts have been charged by federal authorities for accepting $1,500 in bribes to help cut some homeowner’s assessments.

07/18/2012

Chicago Public Schools

CPS To Impose Maximum Allowable Property Tax Hike

The Chicago Public School System has not yet released its budget for the coming school year, but property taxpayers are already going to pay more.

CBS Chicago–06/28/2012

A Chicago church plans to build a 6,000-seat mega-church on this vacant lot in south suburban Riverdale, but the mayor doesn't like the plan, because the church wouldn't bring any property tax revenue to the cash-strapped village. (Credit: CBS)

Riverdale Mayor Hardly Excited About Church Replacing Vacant Lot

South suburban Riverdale has the unfortunate distinction of having one of the nine worst municipal credit ratings in the nation, so the last thing some city leaders want is a new church that won’t pay any taxes, but that’s exactly what they’re going to get.

CBS Chicago–06/25/2012

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