Suffredin- For a Better Cook County  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
  The Chicago Board of Trade and the Chicago Mercantile Exchange trade 60% of the world futures contracts.
   
     
     
     



Daley urges property tax cap bill

Friday, January 05, 2007
Chicago Tribune
by Mickey Ciokajlo

Chicago Mayor Richard Daley today urged state lawmakers to pass an enhanced version of the 7 percent property tax cap so that homeowners in Chicago are not hit with massive tax increases in the fall.
 
"This bill is needed immediately," Daley said at a press conference in Sherman Park in the Englewood neighborhood. "It's a crisis."
 
The so-called 7 percent cap in Cook County limits annual assessment increases for tax purposes by increasing the homeowner's exemption up to a maximum of $20,000. The law, passed in 2004, expires for Chicago homeowners this year. Legislation to extend it failed by a narrow margin in the November legislative session.
 
Daley said he supports a bill that would increase the maximum exemption to $60,000.
 
Business groups in particular oppose the 7 percent cap because it shifts some of the tax burden on to all other property taxpayers.
 
County Assessor James Houlihan, the bill's original proponent, said it would be "devastating" to homeowners if the cap was allowed to expire.
 
In a recent study, the Civic Federation research group found that homeowners could expect their tax bills to go up by more than 36 percent this fall if the cap is allowed to expire.
 
The group supports renewing the cap for another three years with the $20,000 exemption limit. Even with the renewal, residential tax bills in Chicago can be expected to increase by 10 percent.
 
The cap is set to expire in the rest of Cook County over the next two years.
 
Daley said the assessment cap is a short-term measure and that the real solution remains an overhaul of how schools are funded and shifting the burden away from property taxes.
 
"We rely on the property taxes more than almost every other state in the union," Daley said. "Heavy reliance on property taxes might have made sense 100 years ago when real estate was the primary form of wealth. But nowadays wealth is measured in many other ways."
 


Recent Headlines

Hospital system touts year's worth of achievements
Sunday, July 05, 2015
Daily Herald

Preckwinkle's pension-change fantasy
Thursday, July 02, 2015
Chicago Tribune

Commentary: Cook County Commissioner Bridget Gainer: I won't vote for a sales tax hike
Thursday, July 02, 2015
Chicago Tribune

Editorial: Nix the Toni Tax. Then fix Cook County.
Thursday, July 02, 2015
Chicago Tribune

Opinion: Cook County sales tax must be raised
Wednesday, July 01, 2015
Chicago Sun-Times

Mastercard, Visa stop escort ad payments
Wednesday, July 01, 2015
Chicago Sun-Times

Preckwinkle blames state lawmakers for proposed sales tax hike
Wednesday, July 01, 2015
Crain's Chicago Business

Cook County Jail Nurse Files Lawsuit Claiming She Was Fired For Blowing Whistle On Staff Stealing Medications
Wednesday, July 01, 2015
CBS local

Preckwinkle to move fast on sales tax hike
Wednesday, July 01, 2015
Chicago Tribune

Several forest preserve campgrounds reopening this summer
Wednesday, July 01, 2015
Chicago Tribune

Chicago police get some quiet help--from Sheriff Tom Dart
Wednesday, July 01, 2015
Crain's Chicago Business

Opinion: Cook County sales tax must be raised
Wednesday, July 01, 2015
Chicago Sun-Times

Who likes a sales tax hike? Not too many
Wednesday, July 01, 2015
Crain's Chicago Business

Commentary: Cook County Commissioner Bridget Gainer: I won't vote for a sales tax hike
Wednesday, July 01, 2015
Chicago Tribune

West suburban business leaders leery of proposed Cook County sales tax hike
Tuesday, June 30, 2015
Chicago Tribune

Preckwinkle blames state lawmakers for proposed sales tax hike
Tuesday, June 30, 2015
Crain's Chicago Business

Chicago transitional center, program for mentally disabled prison inmates helps them learn coping skills
Monday, June 29, 2015
The News-Sentinel

Misdiagnosis still covered for immunity
Monday, June 29, 2015
Chicago Daily Law Bulletin

Cook County Judge retiring after 15 years on the bench
Monday, June 29, 2015
Fox 32 Chicago

Vote could be close on Preckwinkle sales tax
Sunday, June 28, 2015
Chicago Tribune

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP