Effective Tax Rates for Commercial Properties in Cook County Rise Sharply (CHICAGO) The Civic Federation released its annual estimate of effective property tax rates in the six-county region of northeastern Illinois today. The report…
This report compares effective property tax rates in selected communities around metropolitan Chicago and finds that effective tax rates in 2010 for residential and commercial properties rose for each of the 32 municipalities studied.…
On July 1, 2008, a one percent sales tax increase went into effect in Cook County raising the home-rule tax from 0.75% to 1.75%. The increase brought the City of Chicago’s composite sales tax rate on general merchandise to 10.25%, the…
This article discusses an increase in the property tax burden for Cook County homeowners between 2001 and 2010 that occurred in large part because the value of business property dropped more significantly than home values during the…
In this blog, Greg Hinz covers the Civic Federation’s Estimated Full Value of Real Property in Cook County report released November 26.…
In a report released today, the Civic Federation supports the $190.3 million proposed FY2013 Forest Preserve District of Cook County budget for its discipline in identifying non-tax revenue sources as an alternative to increasing the…
The Civic Federation supports the Forest Preserve District of Cook County’s FY2013 proposed $190.3 million budget for its discipline in identifying non-tax revenue sources to hold the property tax levy flat for the fourth year in a row…
The Cook County Board of Commissioners approved the FY2013 Annual Appropriation bill (FY2013 budget) on November 9. The budget was approved with a 16-1 vote. The Cook County…
Mayor Rahm Emanuel announced September 29 that the City of Chicago’s FY2013 budget would not include any increased taxes, fines or fees. It will instead focus on reforms, cuts and efficiencies. The Civic Federation praised the City for…
