We have previously covered the growing inequality and staggering costs of property taxes in Cook County and Illinois. Illinois already has the second-highest property taxes in the nation, and Cook County is the epicenter of the problem and a microcosm of all the issues that plague Illinois. So far, the only option for the people … Read more
Illinois Property Taxes
What is Illinois Equalization?
For those paying property taxes in Illinois, or for those even trying to understand them, the stickiest of wickets is equalization. This factor is unique to Illinois and adds another wrinkle to the state’s already complex and high-dollar property tax situation. With some of the highest property taxes in the United States, it is important … Read more
Cook County – How the Equalizer Works
Illinois property taxes are more than double that of the United States, and rank behind only New Jersey for the No. 1 spot. This is exaggerated even more when it comes to Cook County. In many ways, Cook County is Illinois turned up to 11, with high property taxes, layered government competing for every dollar, … Read more
Illinois State Property Tax Reassessment and Appeals
Illinois has a complex tax system when it comes to real property and real estate. Broken up over individual townships, taxes can vary quite widely from one town to another. Only New Jersey has higher property taxes on average, and navigating this complex web of rules and organizations can be hard for new residents and … Read more