Property Taxes

A group of Illinois House Republicans heavily criticized the lack of work from a statewide task force on property taxes.


A clause in the 2017 school funding reform law was designed to provide property tax relief. But after one year of implementation, the State Board of Education is suggesting lawmakers might want to reconsider.

Under Illinois’ previous school funding structure, most of the burden fell on property owners. The 2017 law was designed to shift more of that load to the state, with an additional $350 million going mainly to the neediest districts. But $50 million of that was set aside to abate taxes in districts that were squeezing homeowners too hard.

The Illinois legislature is back in town this week and Governor Bruce Rauner is outlining a to do list for lawmakers.

Items on the governor's agenda include passing term limits, pension reform and most importantly...a solid spending plan for the new fiscal year.

The U.S. Treasury has ruled that Illinois homeowners who prepaid their 2018 property taxes last year will receive the full state and local tax deduction.

People
Union County

WSIU Radio's Jordan Maddox interviews Union County Treasurer Darren Bailey about the release of his annual report called "Where Do My Taxes Go?"

Illinois state Republicans are introducing a new package of bills they say is their effort to end the budget impasse.

 

The Republicans’ proposal includes some of the same ideas that were sticking points for Democrats, including the length of a property tax freeze and how much to raise income taxes.

People
File photo

Daniel Biss - a Democratic candidate for governor - says Illinois' tax system should be overhauled.

The state senator from Evanston appeared on Illinois Public Radio's WBEZ  Morning Shift program on Monday.

With the Illinois legislative session scheduled to end on Wednesday, lawmakers were busy trying to deal with some measures still needing action.

Drawing
Thompson Coburn

A case scheduled to go before the Illinois Supreme Court this week is challenging the law that allows the state's not-for-profit hospitals to skip paying property taxes.

People
Union County

Union County has joined some other local governments in southern Illinois with the launch of a tax inquiry and payment site.
 
Treasurer Darren Bailey says it allows residents and businesses faster and better access to tax information.

Gov. Bruce Rauner and other Republicans say bipartisan groups of Illinois lawmakers are making progress on initiatives that Rauner says are essential to a deal on a long-delayed state budget.

One of Governor Bruce Rauner's Turnaround Agenda items involves a property tax freeze, but there are still questions about how it would work, and who it would affect.

Illinois State Capitol
Illinois Public Radio

Both chambers of the Illinois General Assembly are returning to Springfield to continue wrestling over a state budget deficit.