Once again, state lawmakers have kicked the can on making the tough choices necessary to put Illinois on a path toward fiscal health. On May 30, the Illinois Senate approved a spending bill that exceeds realistic revenue projections by as much as $1.5 billion, while failing to enact meaningful reforms to rein in the cost of government. Read More …
Author: Mitchell Furlett
How did Illinois get into its financial mess, and what can be done about it?
Posted from: Outlook for Financial Markets BMO Wealth Management August 2017 Illinois is trying to avoid becoming the first “junk“ rated state. It already has the lowest credit quality rating among all 50 states. S&P Global Rating service warned Illinois legislators that without a viable budget for fiscal 2018, its third straight year without a Read More …
Chicago Sun Times 6/1/2017 “Let’s Understand Why Illinois has the Highest Property Taxes”
Click Here to read the Chicago Sun Times Editorial by Phil Kadner
06/27/2017 A Letter from the Attorney / Owner Ronald Kingsley
Dear Lake County Resident: This year, we have all seen the significant impact property taxes have had on Illinois residential and commercial property owners. Moreover, the media continues to cover historic Lake County property tax events. One event not yet covered, however, is the fact that, in 2016, according to the Multiple Listing Service (MLS), Read More …
Chicago Tribune – Who is to Blame for High Property Taxes? Look in the Mirror – 03/29/2017
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How Often Should I Sign-up for an Assessment Review?
Lake County Appeal’s residential clients frequently ask: Should I sign up every year? Our answer is always the same (regardless of whether we found a property to be fairly assessed in the previous year or we filed a successful appeal): Yes, you should sign-up every year for the following reasons: 1. Assessed values and home Read More …
2017 Tax-Rates.org Illinois Property Taxes Article
The median property tax in Lake County, Illinois is $6,285 per year for a home worth the median value of $287,300. Lake County collects, on average, 2.19% of a property’s assessed fair market value as property tax. Lake County has one of the highest median property taxes in the United States, and is ranked 15th Read More …
Check out this article about soaring property taxes and home equity in Lake County, Illinois
If you feel like your property taxes are hurting your homes value, you are correct. Not only that but as the referenced article shows as the equity of our properties in Lake County, Illinois plummets our tax rate continue to rise. Though this problem is particularly exacerbated here in Lake County it is a problem Read More …
Analyst: Illinois must create less-hostile tax climate to retain residents, businesses
Lake County Gazette | Nov 16, 2016 Illinois needs to diversify its tax base and make changes to become more competitive if it wants to stem the tide of people leaving the state, an analyst for an independent policy organization said during a recent radio show interview. “There are opportunities to be competitive,” Jared Walczak, Read More …