Suffredin- Changing County Government  
 

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.

   
  Cook County is the second most populous county in the nation. It is the 19th largest government in the U.S.
   
     
     
     



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

Orr: TIF reform worth $44M annually at no cost to taxpayers
Tuesday, April 15, 2014
Special to suffredin.org

Property tax relief granted because of O'Hare noise
Monday, April 14, 2014
Chicago Sun-Times

What is Cook County Health's interim thinking?
Monday, April 14, 2014
Crain's Chicago Business

New Metra policy will log all calls intended to influence hiring
Saturday, April 12, 2014
Chicago Sun-Times

Metra moves to clean up its mess, but lots more needed
Friday, April 11, 2014
Crain's Chicago Business

That scandal at Metra? Nothing to it
Friday, April 11, 2014
Chicago Tribune

President Preckwinkle plans pension cuts
Thursday, April 10, 2014
Chicago Tribune

Getting Metra on the right track
Thursday, April 10, 2014
Chicago Sun-Times

Cook County's Alvarez says most in Cook Jail have violent pasts
Wednesday, April 09, 2014
WBEZ

Cook County passes suburban puppy mill ban
Wednesday, April 09, 2014
Chicago Tribune

Cook Co. to settle sex harassment suit involving highway workers
Wednesday, April 09, 2014
Chicago Sun-Times

Alvarez complains caseload 'Staggering' and funding shrinking
Wednesday, April 09, 2014
Chicago Sun-Times

Ex-prosecutor questions Devine's Death Row decision
Tuesday, April 08, 2014
Chicago Sun-Times

After giving to Dorothy Brown's campaign, staffers get promotions
Tuesday, April 08, 2014
Chicago Sun-Times

Put cameras in Cook County courtrooms
Tuesday, April 08, 2014
Chicago Sun-Times

Lights, cameras but no action on video in Cook County courtrooms
Monday, April 07, 2014
Chicago Sun-Times

Why Blight Persists
Saturday, April 05, 2014
Chicago Tribune

Judge resigns from board of hospital that hired her brother's law firm
Friday, April 04, 2014
Crain's Chicago Business

Free bus service for some Cook County Forest Preserve events
Thursday, April 03, 2014
Chicago Tribune

Advocates call for raising taxes to pay for mass transit improvements
Thursday, April 03, 2014
Chicago Tribune

all news items

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