By Austin Berg | Illinois News Network Aug 2, 2018 Vicki McCarthy purchased her home in northern Illinois’ Round Lake Beach in 2002, paying $195,000. She now pegs that home’s value at around $180,000 and is staring at a property tax bill of nearly $8,000 a year. Illinoisans such as McCarthy know all too well Read More …
Author: lakecountyappeal
How to Sign-Up On-Line for An Assessment Review
Please visit www.LakeCountyAppeal.com and in the upper navigation menu please click Sign Up Now. You will then be redirected to our shopping cart. As part of our increased internet security, you will be prompted to open a user account. Opening a User Account Please enter a user name. Lake County Appeal recommends that Read More …
Editorial: Tax referendum reminds everyone whose money it is
News-Sun Editorial Board Democracy is a handshake. Citizens put some of their hopes and dreams of a better life in the hands of government. In return, government is supposed to spend the money wisely and remember who provided the cash. In a state with 6,963 different taxing bodies and the highest median property tax in Read More …
Suburban Chicago’s office vacancy rate is fell to 18.5%, the lowest level in 14 years.
According to Crain’s Chicago Business, suburban Chicago office landlords didn’t sign any blockbuster leases in the fourth quarter, but they still had reason to toast 2015. Overall suburban vacancy fell to 18.5 percent in the period, down from 19 percent in the previous quarter and 22.6 percent a year earlier, according to Chicago-based Jones Lang Read More …
Home is where the Hurt is by Austin Berg of Illinoispolicy.org
Joel Schurtz lived all across the U.S. before coming to Illinois. He took promising job opportunities where he could find them, from California to Alabama. His wife, Michelle, and their three young children would follow. “Our family always had a plan,” Joel said. “We had three- to five-year goals and a plan. But when we Read More …
Why Chicago is 5th in the nation in distressed home sales—Crain’s Chicago Business
Chicago’s home sales are certainly doing better than just a few years ago, but a decent percentage of the sales are still distressed sales. Moreover, price growth has slowed recently. As a result, the number of “underwater” sales and loan defaults is not decreasing as quickly as one would like.
Tax-Rates.org: Interactive map, Property Tax Rates By State 2015
Tax-Rates.org has a great set of graphic depicting property tax rates by state. It’s an interactive graphic, hover over each state to see their overall state property tax rate. As we well know here in Lake County, we have some of the highest County property tax rates in the country. Click on the graph to Read More …
Land-Usage plan for Rt 53/120 extension–Daily Herald
Impact on the communities and land, the Route 53 extension land use strategy will be released on Monday September 28th. This report took a look at various areas and built recommendations for the land use around those areas. Mick Zawislak of the Daily Herald takes a look at some of the issues around the Route Read More …
Zillow; 1/3 of area homes worth less than a year ago
Another bit of bad news for Chicagoland…… according to Zillow, 35.8% of Chicagoland homes lost value this year. The Zillow index showed home prices rose 2.5%, but some parts of Chicagoland slid, with only some areas moving forward. Sarah Ehlen from Crains’s Chicago llgives us some insight into the numbers. Zillow report says in Chicago area Read More …
Mayor Rahm’s Next Move: A $543 Million Property Tax Hike – Forbes
A massive property tax hike, driven by Rahm Emanuel, to help pay police and fire pensions. The real question, where did the prior earmarked money go? Forbes provides us an update on the tax and its recommended implementation. Mayor Rahm’s Next Move: A $543 Million Property Tax Hike – Forbes By year’s end, the city Read More …