iOS app Android app

Property Taxes

A Look at Michael Madigan's "Non-Budget"

Matthew Dietrich | Posted 06.23.2015 | Chicago
Matthew Dietrich

Reboot Illinois' Madeleine Doubek has little use for House Speaker Michael Madigan's oft-repeated accusation that Gov. Bruce Rauner is being unreasonable and "extreme" by trying to use "non-budget issues" as bargaining chips in deadlocked budget talks.

Homeowners Can Spend Over $9K A Year In Hidden Costs

Credit.com | Posted 06.23.2015 | HuffPost Home
Credit.com

Buying a home is so much more than finding the perfect place, applying for a home loan and budgeting for a monthly mortgage payment -- it's thousands of dollars more than many homeowners expect.

America's Rate of Homeownership Matters to You--Whether You Own a Home or Not

Garrick T. Davis | Posted 05.29.2015 | Business
Garrick T. Davis

Even the most casually informed reader has likely heard at least some of the troubling news and numbers tied to homeownership in America today.

3 Things to Remember About Illinois Property Taxes

Matthew Dietrich | Posted 05.21.2015 | Chicago
Matthew Dietrich

On May 17, Democrats in the Illinois House approved a property tax freeze bill that Republicans protested as a stunt. And the conservative Americans For Prosperity-Illinois has made tamping down property taxes a major cause this spring.

A Guide to Understanding Your Property Tax

David S. Bunton | Posted 06.08.2015 | HuffPost Home
David S. Bunton

Homeowners across the United States pay taxes on their property to support a variety of local public services. Although millions of Americans pay property taxes each year, many misunderstand how their bill is calculated.

The TIF Illumination Project at Two Years

Tom Tresser | Posted 05.27.2015 | Chicago
Tom Tresser

A Tax Increment Finance district is created by the City's Department of Planning and Development. It is a tool to capture property taxes from all properties inside the district.

Resetting Your Life for Retirement

Jason Alderman | Posted 03.17.2015 | Money
Jason Alderman

Here are some suggestions to help you figure out where you are on the pre-retirement spectrum and some changes you might consider.

Where Illinois School Districts Get Their Funding: Local, State and National Money

Reboot Illinois | Posted 02.10.2015 | Chicago
Reboot Illinois

When Illinois lawmakers get back to work in January, they'll have a lot of decisions to make on the state budget and minimum wage laws. They'll also be faced with the question of whether or not and how to restructure school funding in Illinois.

Homeownership Is Not For Everyone

Jack M. Guttentag | Posted 02.08.2015 | Money
Jack M. Guttentag

Some people are not cut out to be homeowners. I call them NOHOs. What distinguishes them is not their income, their mobility, or where they live -- rather, it is how they live.

Miami-Dade Annexation Push Rises Again

Luis Andre Gazitua | Posted 12.01.2014 | Miami
Luis Andre Gazitua

If annexation seems inevitable, your group needs to find common ground with your new city. For starters, try to negotiate the continuation of MD-PD as a first responder in the cargo-sensitive areas.

Parks, Property Values and Ping Pong

Laura Hogikyan | Posted 10.08.2014 | Detroit
Laura Hogikyan

Detroit is probably the only city with a beach, lounge chairs, a full-on beach bar, grassy amphitheater, painted pianos, basketball courts, a sand volleyball court, a ping pong table, a foosball table and food trucks all in the central downtown park.

Renting Out Your Vacation Home -- What Are The Tax Rules?

Carrie Schwab-Pomerantz, CFP | Posted 10.06.2014 | Money
Carrie Schwab-Pomerantz, CFP

A vacation home can provide you and your family with precious R & R, and it can also be a source of income in the right circumstances. But unfortunately the tax rules for renting out your home can be mind-numbingly complex, depending your intentions and circumstances.

A Property Tax Freeze in Illinois? At Least One State Rep. Thinks It's a Good Idea

Matthew Dietrich | Posted 09.23.2014 | Chicago
Matthew Dietrich

Illinois State Rep. David McSweeney (R-Barrington Hills) says he thinks property taxes should freeze all across Illinois in an op-ed in the Chicago Tr...

What Happened To "Rahmbo" Emanuel?

Ted Dabrowski | Posted 09.21.2014 | Chicago
Ted Dabrowski

If Rahm can't save Chicago, then he can forget about running the country.

Even Businesses Want To End This Tax Loophole

The Huffington Post | Lydia O'Connor | Posted 05.14.2014 | Politics

It's a most improbable union -- but California progressives and the state's business community have come together in support of closing a commercial p...

Springfield's Gift to Chicago: Step One of Pension Reform, or an Election Year Headache?

Matthew Dietrich | Posted 06.09.2014 | Chicago
Matthew Dietrich

Mayor Rahm Emanuel's pension bill finally got passed through the General Assembly after some property tax language was stripped from the bill.

Illinois Property Taxes by County

Reboot Illinois | Posted 06.04.2014 | Chicago
Reboot Illinois

If you've ever wondered what other Illinois counties pay in property taxes, then this is just the list you've been looking for! Here's a list of Illinois property taxes by county. Are you surprised by the results?

IMF Issues Inequality Warning

AP | CHRISTOPHER S. RUGABER | Posted 04.03.2014 | Business

WASHINGTON (AP) — The International Monetary Fund warned Thursday that wide income inequality can slow economic growth and is proposing ways to redu...

The TIF Illumination Project at One Year

Tom Tresser | Posted 04.16.2014 | Chicago
Tom Tresser

The TIF Illumination Project is an effort of a group of volunteers in Chicago to expose a decades-old finance scheme that annually extracts almost 500 million dollars of property taxes and places it in a program controlled by the mayor.

Crushed by Property Taxes? Betcha You Live in Northern Illinois

Matthew Dietrich | Posted 04.09.2014 | Chicago
Matthew Dietrich

If you're an Illinois resident with a high property tax bill, chances are strong you live in one of the collar counties surrounding Chicago. That's not an end-all-be-all statement, but based on data from Tax-Rates.org, it's a pretty safe assumption.

Taxation in Rick Perry's Texas

James Moore | Posted 03.23.2014 | Politics
James Moore

We are great with corporate welfare in Texas. But if you can't get a job, or are sick, or your kids are hungry, or you are sleeping in your car because things didn't work out quite the way you thought they would, we're sorry.

How to Lower Your Property Taxes, and When Not to Try It

MyBankTracker | Posted 02.11.2014 | Money
MyBankTracker

As property values across the nation are on the rise, property taxes on a primary residence are unlikely to go down without a bit of effort and knowing where to look for savings.

Death and Taxes May Be Certain -- But Taxes We Can Make Better

Michael Keen | Posted 01.23.2014 | Business
Michael Keen

Can we tax better, could we -- if we wanted to -- raise more revenue, and how does fairness come into it?

Judge to Quinn: Pay 'em! Decision and Reactions

Matthew Dietrich | Posted 11.27.2013 | Chicago
Matthew Dietrich

You probably know by now that Gov. Pat Quinn lost his attempt to cancel paychecks for lawmakers. Cook County Circuit Judge Neil Cohen sided with House Speaker Michael Madigan and Senate President John Cullerton in their lawsuit against Quinn.

Why Pensions Matter to Each of Us and Our Wallets Now

Madeleine Doubek | Posted 10.28.2013 | Chicago
Madeleine Doubek

In one way or another, it all comes back to our pension crisis, the worst financial crisis we've ever encountered. Care more now? Act. Tell your state officials they must act. Demand a solution that works.