iOS app Android app

Property Taxes

Parks, Property Values and Ping Pong

Laura Hogikyan | Posted 08.08.2014 | 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 08.06.2014 | 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 07.24.2014 | 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 07.22.2014 | 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.

Broken Dreams and Bad Promises

Lisa Longo | Posted 10.20.2013 | Politics
Lisa Longo

Everything is connected. We can all agree on that can't we? For each and every action there is an equal, and equally important, reaction. This realiza...

How a Progressive Tax System Made Detroit a Powerhouse (and Could Again)

Mary Manning Cleveland | Posted 10.12.2013 | Detroit
Mary Manning Cleveland

After 1950, Detroit began to shrink, the first break in its sensational upward trajectory. What happened? Some blamed the end of the war, but America was pouring billions into the Interstate Highway System. The world wanted American cars and trucks. The causes of decline must have been internal.

Senator Owes Outstanding Taxes On Lavish D.C. Home...Again

The Huffington Post | Will Wrigley | Posted 02.20.2013 | DC

When it comes to taxes, nobody is exempt. This includes politicians who make D.C. their second home when they are elected to Congress. Sen. Mary...

The Right Way to Eliminate State Income Taxes

Eli Lehrer | Posted 03.27.2013 | Politics
Eli Lehrer

Income taxes are also expensive to collect and easy to evade. They're far from ideal by any standard. But states that want to cut or eliminate personal income taxes (a good thing) need to think carefully about how they do it.

WATCH: Man Pays $14,000 Tax Bill With Spare Change

The Huffington Post | Ron Dicker | Posted 01.18.2013 | Business

Aided by his grandkids' piggy banks, Larry Gasper paid his property taxes in spare change. All $14,000 worth. Gasper, of Redding, Calif., settled u...

Time for a Change in Ohio's Public Education Funding

Mica Caine | Posted 03.06.2013 | Teen
Mica Caine

Like many other states, funding for Ohio's public schools depends mainly on property taxes. The downfalls of this funding system have been ignored for...

John Celock

15 States To Take On Tax Reform In 2013

HuffingtonPost.com | John Celock | Posted 12.19.2012 | Politics

WASHINGTON -- Fifteen states are likely to see some sort of tax reform legislation in 2013, according to a study released Wednesday by the Institute o...

How to Secretly Tax the Poor (Part Two)

Steve Gillman | Posted 02.10.2013 | Business
Steve Gillman

At first glance it appears that the investor who owns a rental house or apartment building pays the property tax on it, but this is only nominally true. Who really pays the tax in this case? Clearly it is the renter.

Parents Ask School Board: 'Please Tax Me'

Posted 11.15.2012 | Education

Parents in Beaverton, Ore. are asking the school board to tax them more. One year after Beaverton voters rejected a local option levy that would ha...

Homeless Over $400?!

AP | DANIEL WAGNER | Posted 07.10.2012 | Money

WASHINGTON -- The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, ac...