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Property Taxes

Property Taxes

State Rep. Wants To Stop Property Tax Hikes When Home Values Drop

An Illinois House member says it’s not fair that property taxes go up when home values are plummeting.

CBS Chicago–11/04/2011

Joseph Berrios

Berrios: Seniors May Be Missing Out On Property Tax Savings

Cook County seniors who own homes are advised to read their property tax bills carefully, because officials say homeowners could be missing an extra chance to save serious money.

CBS Chicago–09/28/2011

Photo Of A Cook County Property Tax Bill. (Helen Marshall/WBBM Photo)

Property Values Down, But Property Taxes Up

It’s a cruel reality. Property taxes are up all over Chicagoland, according to a new report. In the city and suburb after suburb, property values are dropping, but tax levies for schools and services are going up.

CBS Chicago–09/19/2011

Northlake Mayor Jeffrey Sherwin (Credit: Triton College website)

Northlake Mayor Got Tax Breaks He Didn’t Deserve

There are millions of dollars in homeowners exemptions given to Illinois property owners — tax breaks that some don’t deserve. That means everyone else is paying more than their fair share of taxes.

CBS 2–09/14/2011

Photo Of A Cook County Property Tax Bill. (Helen Marshall/WBBM Photo)

You Can Now Try To Lower Your Cook Property Taxes – Online

Cook County property owners can now attempt to lower their tax bills online — potentially saving time and hassle for thousands of county residents.


Photo Of $20 And $10 Bills. (AP Photo)

Cook County Property Tax Installment Tentatively Due In November

The second installment of Cook County property taxes is tentatively due in the first week of November, Cook County Treasurer Maria Pappas announced this week.

CBS Chicago–08/26/2011

(Credit: CBS)

Preckwinkle Plans To Begin Collecting Property Taxes From Prentice

For the first time, Cook County could soon be collecting property taxes from one of Chicago’s biggest and most successful hospitals.

CBS 2–08/24/2011

Hospital Bed Generic

State Senator: More Charity Care Is Needed At Illinois Hospitals

Illinois State Sen. Iris Martinez (D-Chicago) is using a state decision to end tax breaks for some hospitals, as a lever to produce more charity care for the needy.

CBS Chicago–08/17/2011

Chicago Mayor Rahm Emanuel. (Credit: City of Chicago)

Emanuel Reaffirms Opposition To Raising Taxes For City Budget

Mayor Rahm Emanuel is reaffirming his opposition to raising taxes to close the City of Chicago’s $635.7 million budget shortfall.

CBS Chicago–08/11/2011

Chicago Public Schools CEO Jean-Claude Brizard

Brizard Defends Proposal To Raise Property Taxes For CPS

Finances are on the mind of Chicago Public Schools chief executive officer Jean-Claude Brizard, on the first day of the new school year for some students.

CBS Chicago–08/08/2011

Chicago Public Schools

CPS Considering Property Tax Increase

Chicago Public Schools administrators, still faced with a deficit of more than $600 million after making significant cuts, are considering more job cuts and a property tax increase.

CBS Chicago–07/01/2011

Dominic Santoro became flustered when asked why he has been claiming multiple homeowner exemptions. (CBS)

2 Investigators: Some Property Owners Claiming More Than 1 Home For Tax Breaks

A property owner can get a tax break by claiming a homeowners exemption for their main residence. But why are some people claiming more than one? 2 Investigator Pam Zekman reports.

CBS 2–06/09/2011

Rahm Emanuel (Photo by Timothy Hiatt/Getty Images)

Emanuel: Property Tax Exemptions For Non-Profits Won’t End

The day after he suggested he was looking at the matter, Mayor-elect Rahm Emanuel is reassuring non-for-profit groups that he does not intend to end their property tax exemptions.

WBBM Newsradio–04/28/2011

Mayor Elect Rahm Emanuel addresses the press at the Union League Club in Chicago.  (Credit: CBS)

Emanuel: No Property Tax Hike To Fix Budget

On his first full day as mayor-elect of Chicago, Rahm Emanuel said Wednesday that he would not consider a property tax hike to address the city’s underfunded pension systems.

CBS Chicago–02/23/2011

Carol Moseley Braun

Braun Hits Chico, Emanuel On Finances

Chicago mayoral hopeful Carol Moseley Braun went on the attack on two major rivals for their financial histories and political connections, after days of facing questions about her own finances.

CBS Chicago–01/07/2011

Carol Moseley Braun

Braun Says She’s Done Discussing Taxes

New information continues to surface about the finances of mayoral candidate Carol Moseley Braun.

CBS Chicago–01/07/2011

Mayor Richard M. Daley

Daley Unhappy With New Pension Reform Law

Mayor Richard M. Daley is less than pleased with a new police and firefighter pension law just signed by Gov. Pat Quinn.

CBS Chicago–12/31/2010

Property Taxes

Watchdog: Simplify Property Tax System

A taxpayer watchdog group is out with a recommendation – simplify Cook County’s complicated property tax system.

WBBM Newsradio–12/20/2010

Gov. Pat Quinn

Quinn Won’t Say If He’ll Sign Pension Bill

Gov. Pat Quinn will not say if he plans to sign new pension legislation that has Mayor Richard M. Daley upset over increased costs they say could send property taxes skyrocketing.

CBS Chicago–12/03/2010

File Photo (Photo by Chung Sung-Jun/Getty Images)

Big Leap In Prop Tax Revenue Coming From Joliet Biz District

Property tax revenue collected from a special downtown business district in southwest suburban Joliet is going up 21 percent next year, but it’s not because of a tax rate increase.