property taxes

DeKalb County

The DeKalb County Board voted 18-6 toward putting a property tax hike on the ballot to fund public health.  

The Daily Chronicle reports the proposal would bring in about $500,000 per year through a property tax of $9.57 for every $100,000 of equalized assessed value.  For someone owning a $150,000, this would mean a yearly increase of about $15.  

What Happens When You Don't Pay Property Tax?

Aug 8, 2016
Flickr user Pictures of Money / "Money" (CC BY 2.0)

They say the only certainties in life are death and taxes. In Illinois, property taxes have a few uncertainties as well, particularly when you don't pay.  

Municipalities and state governments have a vested interest in making sure everybody pays their fair share and, while each area may have a unique quirk, the overall process is universal. People pay their property taxes and, if they have trouble, seek out a deferment program.

But if you can’t pay, your debt could be sold off to the lowest bidder. DeKalb County Treasurer Christine Johnson explains her local process.

DeKalb County Disburses First Round Of Property Taxes

Jun 3, 2016
DeKalb County

DeKalb County disbursed the first round of property taxes to municipal governments. 

The Daily-Chronicle reports local school districts received more than half of the $22 million payout.  Community colleges received $1.3 million while the county forest district was given $2.5 million.  

In total, the county will distribute $213.3 million in property tax revenue this year.  

The raw numbers can be found at the website of the DeKalb County treasurer.  

cityofchicago.org

Illinois Democrats are advancing Chicago Mayor Rahm Emanuel’s plan to shield some homeowners from an increase in property taxes in his budget. That’s over the objections of Republicans and some business groups.

Emanuel wants state lawmakers to allow for a tax exemption for homes worth less than 250-thousand dollars.

Michael Mini is with the Chicagoland Apartment Association. The group represents buildings with rental units.

“We oppose providing tax relief for one segment of taxpayers at the expense of others,” Mini said.

Mayor.cityofchicago.org

Mayor Rahm Emanuel’s proposal to increase property taxes by $600 million could cost aldermen political capital.

Chicago aldermen were asked to decide if their constituents can handle living in a more expensive city.

Emanuel says the city owes so much to its retiring police and firefighters that he has to raise property taxes. He says a vote for his budget will put aldermen in the history books for pulling Chicago from the financial brink

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