Among about 3,100 U.S. counties, Lake ranks fifth in the damage done to future home values as a result of the cap on property tax deductions enacted two years ago. Written By, Dennis Rodkin – Crain’s Chicago Business – 10/30/19 Home values in Lake County are among those hurt the most by the Read More …
Despite passing a record income tax hike in 2017, Illinois’ pension health remains the nation’s worst, according to one of the world’s leading credit rating agencies.
Written by, Adam Schuster, Director of Budget & Tax Research – Illinois Policy Institute, 9/24/19 Despite passing a record income tax hike in 2017, Illinois’ pension health remains the nation’s worst, according to one of the world’s leading credit rating agencies. A new report from Moody’s Investors Service shows in fiscal year 2018, Illinois’ unfunded pension Read More …
Blue Assessment Notices Arriving, Finally!
By Lake County Appeal – 9/23/19 After a long summer of waiting for the Lake County Assessor to publish the 2019 property assessments, we have begun to see rapid movement. We are expecting property assessments in all 18 Lake County townships to be released by October 17. Lake County Appeal (LCA) is ready to 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 …
Administrative Bloat.
Written by, Adam Schuster, Director of Budget & Tax Research – Illinois Policy Illinois spends the most in the Midwest per student on education. But instead of going to classrooms, a big chunk of that money props up bloated education bureaucracy. Over 9,000 school administrators earned more than $100,000 per year, and they’ll Read More …
Illinois’ two major income tax hikes were major failures.
Written By, Austin Berg, Director of Content Strategy – Illinois Policy Illinois’ two major income tax hikes were major failures. That’s the takeaway from Illinois’ 2018 Comprehensive Annual Financial Report, or CAFR. It’s one of the state’s most important financial documents. And in true Illinois fashion, it was published 245 days late – Read More …
When Will My Blue Assessment Notice Arrive?
By Lake County Appeal – 8/6/19 2019 assessment notices have not yet been released. First notices (Antioch Township) will be released on 8/16/19, with most others to follow in September. Lake County Appeal (LCA) is ready to begin reviewing your new assessment to bring you property tax justiceSM ! Wondering why these dates are so Read More …
When Is Best To Sign Up For An Assessment Review?
Written by, Ron Kingsley, Lake County Appeal Owner and Tax Attorney 8/5/19 Taxpayers Should Sign-Up Annually 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 Read More …
How Does The County Calculate My Property’s Assessed Value?
By Jill Odzer – Lake County Appeal, Commercial Analyst – 7/31/19 The Chief County Assessment Office is responsible for assessing your property. The assessment should be the fair market value (what the county believes you could have sold your property for on January 1, 2019) multiplied by .3333 (for all Illinois counties besides Cook). Since 2019 Read More …
ILLINOIS STATE HOUSE DISTRICT 59: Didech Property Tax Relief Legislation Signed into Law
By, Press release submission – Lake County Gazette – 6/22/19 Illinois State House District 59 issued the following announcement on July 18 Legislation championed by state Rep. Daniel Didech, D-Buffalo Grove, which will create a mechanism to lower the property tax burden on middle-class families by providing them yearly cost-saving rebates, was recently signed into Read More …
Property tax relief is next ‘think big’ idea for Gov. J.B. Pritzker, Illinois lawmakers to face
Written By, Rick Pearson – Chicago Tribune, 6/10/19 Gov. J.B. Pritzker hailed the accomplishments of state lawmakers for checking off the major items of his “think big” agenda this spring, saying their work delivered Illinois one of the most “consequential and transformative legislative sessions in history.” But in approving a proposed constitutional change Read More …