Suffredin- Changing County Government  

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.

Cap assessment hikes, Houlihan urges
Assessor renews push for limit to ease tax fears

Wednesday, January 28, 2004
Chicago Tribune
by Mickey Ciokajlo

Cook County Assessor James Houlihan on Tuesday renewed his call for state lawmakers to impose a 7 percent per year cap on increases in residential property assessments in Cook County.

Houlihan has been pushing for the change ever since soaring reassessments of properties in many parts of the city last year led to widespread fears that property tax bills would shoot up as well. But new projections based on data supplied by his office suggest tax bill increases this year will not be as dramatic as the assessment increases suggest.

Nevertheless, Houlihan said the assessment cap is still needed to provide peace of mind for homeowners who fear that rising property values in their neighborhoods could put them in a bind at tax time.

"The assessment cap allows for certainty," Houlihan said. "It allows for our neighborhoods to improve without individual homeowners fearing that they can't remain in that neighborhood. It does not jeopardize any school funding, and it creates a protection against the rise for inflation of property values creating more of a burden on individual homeowners.

"Because of the limits on spending, rates will come down, there will not be a dollar-for-dollar translation of assessment increase to tax increase. That's an important concept to get out to people," he said.

Even an increase of a few hundred dollars in a tax bill could be a big burden to some homeowners, Houlihan said. An assessment cap could help them, he said.

"The system is broke," Houlihan said. "We fund schools inappropriately--from property taxes--making the property tax too high. And in that context, $1 more for an individual homeowner is too much."

The first installment of property tax bills will be mailed out to Cook County property owners this week, but those bills will not reflect the effects of last year's reassessment of city property. That will come in the second installment later in the year.

Houlihan said the cap needs to be enacted by the end of April if it is to be applied to the second installment bills.

Opponents say the cap would primarily benefit the wealthy and would also hurt some school districts. Houlihan says schools wouldn't have their funding limited and that homeowners on the South and West Sides would be key beneficiaries of the cap.

Recent Headlines

Cook County Health weighs $70M contract to coordinate patient care
Tuesday, August 26, 2014
Crain's Chicago Business

Buck of the Week: Unplugged in Cook County
Sunday, August 24, 2014
Chicago Sun-Times

Illinois exchange on 3 additional insurers' radar for 2015
Friday, August 22, 2014
Chicago Tribune

Cook County Health eyes new call center, more nurses to better compete for patients
Tuesday, August 19, 2014
Crain's Chicago Business

Obamacare money boost helps Cook County hospitals budget next year
Saturday, August 16, 2014
Chicago Tribune

Cook County Health puts brakes on plan to sell HMO on Obamacare exchange
Friday, August 15, 2014
Crain's Chicago Business

City home values only glimmer in bleak Cook property value report
Thursday, August 14, 2014
Chicago Sun-Times

Trends in Estimated Full Value of Real Estate in Cook County
Thursday, August 14, 2014
The Civic Federation

Forest Preserves of Cook County Offers Wilderness Camping Opportunities for Families
Monday, August 11, 2014
Special to

Court: Bears owe Cook County $4.1 million in ticket taxes
Thursday, August 07, 2014
Crain's Chicago Business

3-week closures announced for Crawford repaving
Tuesday, August 05, 2014
Skokie Review

Appeals court rules against Preckwinkle tax on business
Tuesday, August 05, 2014
Chicago Tribune

Panel: Cook Co. use tax violates state law
Tuesday, August 05, 2014
Chicago Daily Law Bulletin

County awards $680K to groups working to curb recidivism
Tuesday, August 05, 2014
Chicago Daily Law Bulletin

Inmates signing up for Obamacare: Dart
Monday, August 04, 2014
Chicago Tribune

Property tax bills rise at Cook County's biggest buildings
Monday, August 04, 2014
Crain's Chicago Business

9,000 Cook County Jail Inmates Enroll in Obamacare Amid Mental Health Crisis
Monday, August 04, 2014
5 NBC Chicago

'Transit deserts' don't serve workers, study says
Sunday, August 03, 2014
Chicago Tribune

Berrios relatives risk injury for right to crowd county payroll
Tuesday, July 29, 2014
Chicago Sun-Times

Forest Preserve HQ plans expansion in River Forest
Tuesday, July 29, 2014

all news items

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