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Property Tax

A collection of news and information related to Property Tax published by this site and its partners.

Top Property Tax Articles

Displaying items 34-44
  • Towns borrow, you pay

    Towns borrow, you pay
    Just above the cash register at Sam's Auto Service, the owner has taped up a photo of his elderly father, a snapshot of his granddaughter and his property tax bills. Owner Bassam Shaheen knows it may seem odd to tape up an old $53,000 annual tax bill....
  • Park Ridge mayor rejects union contract

    Citing Park Ridge's precarious financial condition and the need to keep property taxes as low as possible, Mayor David Schmidt vetoed a contract with one of the city's five employee unions and pay raises for non-union employees. Schmidt's veto of the...
  • Homeowners' tax credit deadline extended

    Homeowners' tax credit deadline extended
    The deadline to apply for a property tax credit that, on average, cuts more than $1,000 off a homeowner's tax bill, has been extended until the end of October. Maryland residents can apply for the Homeowners’ Property Tax Credit through October 31,...
  • Homestead credit penalty goes into effect this week

    Beginning this week, Maryland's Department of Assessments and Taxation can begin penalizing homeowners who received a homestead credit this year as a result of deception. Penalties will be issued on an ad hoc basis as the department learns of violators,...
  • Cook leaders want property tax exemption crackdown law

    Cook leaders want property tax exemption crackdown law
    Cook County Board President Toni Preckwinkle and Assessor Joe Berrios on Tuesday urged state lawmakers to give them more power to go after property owners who improperly claim tax breaks, saying they could recover more than $150 million in three years...
  • Emanuel wants new standards for special taxing districts

    Emanuel wants new standards for special taxing districts
    Mayor Rahm Emanuel made it clear Monday that the city will continue to rely on special taxing districts as an economic development tool, even as he tries to wash away the stain of public criticism that marred them in recent years. The mayor plans to...
  • Emanuel defends property tax increase for Chicago schools

    Emanuel defends property tax increase for Chicago schools
    Mayor Rahm Emanuel today said a property tax hike for Chicago Public Schools is acceptable because district administrators have made large cuts to the school budget and investment is necessary to improve important programs like early childhood education....
  • Quinn wants public employees to pay more, work longer

    Quinn wants public employees to pay more, work longer
    Gov. Pat Quinn wants to fix Illinois' debt-ridden public pension system by getting government employees to work longer, pay more toward their retirement and accept less in benefits. The attempt to wipe out the $83 billion pension shortfall drew immediate...
  • Emanuel makes pension pitch at Capitol

    Emanuel makes pension pitch at Capitol
    SPRINGFIELD — Mayor Rahm Emanuel on Tuesday took the rare step of traveling to the Capitol to make a personal pitch for an overhaul of city government worker pensions, saying costs are out of control and the "day of reckoning has arrived." The...
  • Improper property tax break costs millions

    Improper property tax break costs millions
    One of the most popular ways to lower property tax bills is also one of the most misused — benefiting thousands of people ranging from mayors to landlords and snowbirds. The homestead exemption is supposed to lower taxes only for a taxpayer's...
  • Quinn pension plan could shift costs to schools

    Quinn pension plan could shift costs to schools
    As Gov. Pat Quinn seeks to overhaul Illinois' public employee pension system, one of the more politically tricky elements also happens to be the one he's talking about the least. The Democratic governor is calling on universities, community colleges...