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  2. Vacancy tax - Wikipedia

    en.wikipedia.org/wiki/Vacancy_tax

    The City of Oakland, California assesses an annual tax of $3,000 to $6,000 on vacant property. A property is considered “vacant” if it is “in use less than fifty (50) days in a calendar year,” and not subject to any of ten (10) exemptions. Oakland's vacancy tax, Measure W, was passed in 2018 with 70% voter approval. Oakland's of vacant ...

  3. State of Illinois announces small business capital grant program

    www.aol.com/news/state-illinois-announces-small...

    (The Center Square) – Small businesses in Illinois have access to new state funding from a capital grant program. Gov. J.B. Pritzker announced $10 million in grant funding that he said will help ...

  4. Tax increment financing - Wikipedia

    en.wikipedia.org/wiki/Tax_increment_financing

    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 ...

  5. Retail leasing - Wikipedia

    en.wikipedia.org/wiki/Retail_Leasing

    Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. Both the lessee ...

  6. Temporary tax relief measures to begin Friday in Illinois ...

    www.aol.com/news/temporary-tax-relief-measures...

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  7. Property Tax Circuit Breaker - Wikipedia

    en.wikipedia.org/wiki/Property_Tax_Circuit_Breaker

    For tax filers who make between $25,000 and $40,000 the property tax must be over 4% of their yearly income. For those over the age of 70 who make under $60,000 per year the property tax must exceed 3% of their yearly income. Renters may claim 20% of their yearly rent paid as property tax but may only receive up to the maximum $1,000 for the ...

  8. ‘People are going to lose their property’: This Illinois ...

    www.aol.com/finance/people-going-lose-property...

    Appealing these hikes is proving difficult. ‘People are going to lose their property’: This Illinois woman’s property tax is poised to pop from $756 to over $10,000 — a shocking 1,222% spike.

  9. Illinois Fair Tax - Wikipedia

    en.wikipedia.org/wiki/Illinois_Fair_Tax

    The new tax rates proposed by the state legislature in SB 687 included an increase in corporate income taxes from 7% to 7.99%. SB 687 would have also changed the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.

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    vacant retail premises to let in portugal tax relief grant illinois application