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Property and Taxes

President Preckwinkle Pursuing Unpaid Taxes On Real Estate Sales

By at October 17, 2013 | 1:54 pm | 0 Comment

President Preckwinkle Pursuing Unpaid Taxes On Real Estate Sales

Cook County Board President Toni Preckwinkle today announced her administration is establishing a new enforcement measure to go after businesses and individuals that avoid paying transfer taxes on real estate transactions by undervaluing the property they sell. The County’s Department of Revenue will audit real property transfer tax returns filed with the Recorder more...

2014 Budget , Budget , Featured News , President's Office , Property and Taxes , ,

Cook County Board Approves New Parking Tax Rates

By at July 17, 2013 | 3:15 pm | 0 Comment

Cook County Board Approves New Parking Tax Rates

The Cook County Board today approved an amendment that would lower the tax rate for many individuals who park in garages and lots. Commissioners approved a 6 percent tax rate for daily parking and a 9 percent rate for weekly and monthly parking. This change is the result in a state law passed this year that allows Cook County to adopt a percentage-based rate, as more...

Elected Officials , Featured News , President's Office , Property and Taxes

Chicago TIF revenue up 1%, down 3% in suburbs

By at July 16, 2013 | 10:27 am | 0 Comment

Chicago TIF revenue up 1%, down 3% in suburbs

Originally published at the Cook County Clerk's website Cook County Clerk David Orr on Thursday released the 2012 TIF revenue report, which shows $723 million was collected in the 435 active tax increment financing (TIF) districts in Chicago and suburban Cook County. Chicago will collect $457 million in TIF revenue for the 2012 tax year. Chicago’s 2012 TIF more...

Elected Officials , Property and Taxes ,

Proviso Township: Preregistration Property Tax Assessment Appeal

By at July 10, 2013 | 11:59 am | 0 Comment

Proviso Township: Preregistration Property Tax Assessment Appeal

The 2012 second installment property tax bill payments are due on Thursday, August 1, 2013. Property owners who did not file a property tax assessment appeal with the Board of Review for the 2012 property tax cycle, are encouraged to attend a property tax assessment appeal forum in Proviso Township on Tuesday, July 9, at the Broadview Missionary Baptist Church, located at more...

Elected Officials , Property and Taxes , , ,

President Preckwinkle Releases FY 2014 Preliminary Budget

By at June 27, 2013 | 11:29 am | 1 Comments

President Preckwinkle Releases FY 2014 Preliminary Budget

Cook County Board President Toni Preckwinkle today released the preliminary budget for Fiscal Year 2014 which projected a $152.1 million deficit.  Since taking office, President Preckwinkle has solved for more than $1 billion in deficits.  In Fiscal Year 2011, the deficit was $487 million, in 2012 it was $315.2 million and in 2013 it was $267.5 million.  This year's more...

2014 Budget , Featured News , President's Office , Property and Taxes , , , ,

Clerk Orr releases 2012 Tax Rates

By at June 26, 2013 | 9:57 am | 1 Comments

Clerk Orr releases 2012 Tax Rates

Cook County Clerk David Orr’s office on Tuesday released the 2012 property tax rates of more than 1,500 taxing agencies* showing the City of Chicago’s composite tax rate increased 17 percent in 2012, while tax rates in suburban Cook County increased 10 to 15 percent. Chicago’s equalized assessed value (EAV) fell 13 percent, contributing greatly to the rate more...

Elected Officials , Property and Taxes , , ,

Second-Installment Property Tax Bills to be Mailed on Time for Second Consecutive Year

By at June 25, 2013 | 9:30 am | 1 Comments

Second-Installment Property Tax Bills to be Mailed on Time for Second Consecutive Year

Cook County officials today announced that 1.6 million second-installment property tax bills will be mailed to residents on time for the second consecutive year. Property tax bills are expected to arrive in mail boxes around July 1. “We said last year that this would become the norm, it was not an anomaly,” Cook County Board President Toni Preckwinkle said.  more...

Agencies , Elected Officials , President's Office , Property and Taxes ,

Recorder of Deeds Karen Yarbrough: 100 Days in Office – A Report to the Community

By at May 29, 2013 | 3:15 pm | 0 Comment

Recorder of Deeds Karen Yarbrough: 100 Days in Office – A Report to the Community

Originally published at the Cook County Recorder of Deeds website To the Residents of Cook County: I am pleased to offer this report on the progress my office has made towards our goals of accuracy, efficiency and advocacy in our first 100 Days. As the first new Recorder of Deeds for Cook County in 13 years, it should be no surprise that I saw many opportunities more...

Elected Officials , Property and Taxes ,

Assessor Joseph Berrios Talks About the Phasing Out of the 7% Property Tax Cap

By at May 29, 2013 | 2:51 pm | 0 Comment

Assessor Joseph Berrios Talks About the Phasing Out of the 7% Property Tax Cap

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Elected Officials , Property and Taxes ,

Cook County Board of Review Closes 2012 Appeals Session Reviewing Over 422,000 Appeals

By at May 23, 2013 | 9:35 am | 0 Comment

Cook County Board of Review Closes 2012 Appeals Session Reviewing Over 422,000 Appeals

The Commissioners of the Cook County Board of Review closed the Board of Review 2012 complaint session, which included the reassessment of all real estate in the city of Chicago. During this most recent session, the Board of Review evaluated appeals regarding more than 422,000 parcels of properties, which is the second largest volume of work in its appeal history. The more...

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