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(The Center Square) – The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27 ...
According to an article published in the Journal of Property Tax Assessment & Administration in 2009, the increase in the use of TIF in Chicago resulted in a "substantial portion of Chicago's property tax base and the land area" being subsumed by these levy zones—"26 percent of the city's land area and almost a quarter of the total value of ...
CHICAGO — Despite continued promises not to raise property taxes stemming back to his mayoral campaign, Mayor Brandon Johnson has proposed to do just that in a $17.3 billion city budget plan he ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...
The Association of Real Estate Taxpayers (ARET) was an organization of real-estate taxpayers in Chicago and Cook County, Illinois. Between 1931 and 1933, it organized one of the largest tax strikes in American history. The group had been founded in 1930 by several wealthy real-estate owners.
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