Friday, May 15, 2009

Property Tax Rates and Property Market Values

The Docket, a publication put out by the Lake County Bar Association, wrote a very good piece on understanding both sides of the property tax equation: assessments and tax rates.

https://share.acrobat.com/adc/document.do?docid=723b68cb-67a8-4a1a-a42c-adc777f92cc3

Friday, May 1, 2009

SB0207 update

SB0207, CAP's Homestead Transparency legislation was approved by the Illinois Senate and passed out of the House Revenue committee with no opposition. It should be passed by the House shortly. When it passes the House, it goes to the Governor for his approval or veto. When the bill is transmitted to the Governor he has 60 days to act. If he fails to act in those 60 days it becomes law. We will continually update the bill's progress. You can also follow it here.