Written By, ALICIA FABBRE – CHICAGO TRIBUNE – PIONEER PRESS, 6/16/20 Anticipating a drop in revenue due to the COVID-19 pandemic, Barrington School District 220 school board members agreed to trim the district’s budget for next fiscal year by $1 million. The move, approved at the June 2 board meeting, would put a hold on Read More …
Author: Shelly Rothstein
Other Ways You Can Reduce your Lake County Property Tax Burden!
Written by Ron Kingsley Lake County Appeal, Owner and Tax Attorney If Lake County Appeal (“LCA”) can reduce your Lake County property’s assessed value, your property tax burden will decrease. Additionally, there are many exemptions available to taxpayers that can reduce the liability even more. Make certain that you are receiving all of Read More …
How LCA is here for our clients
Written By Jill Odzer Lake County Appeal, Commercial Analyst A lot is going on in the world; pandemic, natural disasters, and protests. Although LCA cannot do anything about these real and profoundly serious issues, we can do our part to lessen our clients’ stress over property taxes. Our staff is working from home Read More …
Lake County residents pay some of the highest property taxes in the nation
Written by Joe Barnas, Budget & Tax www.IllinoisPolicy.org As property tax bills hit Lake County mailboxes, residents get a stark reminder that Illinois needs pension reform, not higher taxes. Lake County homeowners last year paid higher property taxes – averaging $9,186 – than any other Illinois county, and the new bills are arriving in the Read More …
Renewal Applications for Senior Freeze, Disabled Persons and Disabled Veterans Homestead Exemptions Will Not Be Required This Year Due to COVID-19 Pandemic
Written By, Lake County, IL Chief County Assessment Office, 6/15/20 Lake County residents who in 2019 applied for and received the Senior Citizen Freeze Homestead Exemption, the Homestead Exemption for Persons with Disabilities, and the Standard Homestead Exemption for Veterans With Disabilities will not be required to re-apply for those exemptions in 2020 due to the COVID-19 pandemic. Read More …
Column: ‘Red states, blue states — they all need the money,’ U.S. Rep. Robin Kelly says of stalled tax relief bill
Written By, Ted Slowik, Chicago Tribune – Daily Southtown, May 26, 2020 The economic impact of the coronavirus pandemic is creating talk of tax relief from the halls of Congress to county treasurer’s offices. Policymakers seem to want to offer relief to businesses fighting to stay afloat during stay-at-home orders and homeowners struggling Read More …
‘Vastly abused and mismanaged’ underperforming TIF districts may be result of non-restrictive state statutes
Written By, Drew Zimmerman – Lake County Journal, May 28, 2020 • Editor’s note: This is part two of three stories on the performance of tax increment financing. In 2018, a total of 29 active tax increment financing districts existed within Community Unit District 300 based in Algonquin, leading to overall EAV growth of $296 million. Read More …
Half Of Property Tax Payments Deferred By 60 Days In Lake County
The Lake County Board voted to allow taxpayers to divide their property tax bills into four installments because of the COVID-19 pandemic. By Jonah Meadows, Patch Staff May 13, 2020 1:21 pm CT|Updated May 14, 2020 9:36 am WAUKEGAN, IL — A divided Lake County board voted Tuesday to extend property tax deferrals to all Read More …
Home Is Where The Hurt Is: How Property Taxes Are Crushing Illinois’ Middle Class.
Written By, by Austin Berg, Director of Content Strategy – Illinois Policy 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,” Read More …
Property tax relief program leads Waukegan District 60 to take out new line of credit.
(Plus note: Lake County Board’s property tax deferred payment program link within article.) Written By, Emily Coleman, Chicago Tribune – Lake County News-Sun, May 15, 2020 The financial uncertainty caused by the ongoing coronavirus pandemic led Waukegan District 60 to pursue a $10 million line of credit it can use if need be. Read More …