Suffredin- An Advocate for All of Us  
 

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

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

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

   
 

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

   
  The Cook County Law Library is the second largest County law library in the nation.
   
     
     
     



Business property tax breaks growing

Tuesday, September 03, 2013
Evanston Now
by Bill Smith

More than 60 percent of Cook County communities provide property tax breaks to some commercial and industrial developments.

And a new study by the Chicago Metropolitan Agency for Planning says their use is growing -- with the number of properties receiving an incentive class tax break increasing 35 percent between 2007 and 2011.

The value of properties with those tax breaks increased from 3.5 to 5.8 percent of the vallue of all commercial and industrial land in the county during the same time period.

Evanston's Assistant City Manager Marty Lyons says two businesses here are getting property tax breaks.

Ward Manufacturing has received a Class 6B property tax incentive. It reduces the business's property assessment from 25 percent to 10 percent of market value for 10 years, with smaller reductions before the rate returns to the normal level after the 12th year.

The tax break was approved to help the long-time Evanston stamping plant at 2230 Main St. expand into a vacant building next door.

In addition the city has agreed to a property tax rebate deal for the 415 Howard St. rental high-rise apartment development.

This agreement, made at the start of the Howard-Ridge tax increment financing district, provided for reimbursment of property taxes to the owner once the property reached 90 percent occupancy.

That target was reached two years ago, Lyons says, and the city has been paying the incentive since then .

The deal calls for a 100 percent rebate of property taxes for the first five years, with the rebate gradually phased out over an additional seven years.

The CMAP report says that the higher tax rate imposed under state law on commercial and industrial property only in Cook County encourages widespread use of property tax incentives by municipalities in the county. And it suggests that the classification system "impedes economic development in many communities in Cook County."



Recent Headlines

Daily COVID-19 cases dip under 1,000, but officials warn it could take 2 weeks to see if protests prompt uptick (LIVE UPDATES)
Thursday, June 04, 2020
Chicago Sun-Times

Coronavirus in Illinois updates: Here’s what’s happening Wednesday with COVID-19 in the Chicago area
Wednesday, June 03, 2020
Chicago Tribune

More positive results for antiviral drug remdesivir in battle against COVID-19
Wednesday, June 03, 2020
Chicago Tribune

Live Updates: Looting Causes Food Shortages; Security Firms See Spike In Demand
Wednesday, June 03, 2020
WBEZ

So many were killed by gunfire in Chicago Sunday, the medical examiner brought in extra pathologists for the autopsies
Wednesday, June 03, 2020
Chicago Tribune

Social distancing measures remain in place at county jail
Tuesday, June 02, 2020
Chicago Daily Law Bulletin

Protests and peace: Pritzker, Preckwinkle, Cupich call for ‘peaceful action’ to stem ‘contagion’ of racism
Tuesday, June 02, 2020
Chicago Sun-Times

With Dozens Being Shot Every Day, Anti-Violence Groups Continue Working Amid Looting And COVID-19
Tuesday, June 02, 2020
WBEZ News

Judge tells Cicero no more surprise visits at nursing home where more than a dozen died from coronavirus
Tuesday, June 02, 2020
Chicago Sun-Times

George Floyd fallout: Gov. J.B. Pritzker deploys National Guard to suburbs, access to downtown Chicago remains restricted
Tuesday, June 02, 2020
Chicago Tribune

Circuit Court Clerk introduces electronic options for court information in non-criminal matters
Tuesday, June 02, 2020
Chicago Sun-Times

Cook County sends officers, intel to aid suburban police: ‘We have been called everywhere’
Tuesday, June 02, 2020
The Daily Line

Pritzker, Preckwinkle, faith leaders look ahead to rebuilding
Tuesday, June 02, 2020
Crain's Chicago Business

26th employee contracts COVID-19 at Cook County Circuit Court Clerk’s office
Tuesday, June 02, 2020
Chicago Sun-Times

Senior citizens in subsidized housing have been dying alone at home, unnoticed because of coronavirus distancing
Tuesday, June 02, 2020
Chicago Sun-Times

Disaster Proclamation Issued For Cook County As Chicago Faces Looting, Vandalism
Monday, June 01, 2020
Blockclub Chicago

Cook County Sheriff Tom Dart: Carry on peaceful protests, but looters and arsonists will go to jail
Monday, June 01, 2020
Chicago Tribune

Monitoring Progress in Meeting the Criteria to Move to Phase 4 of the Restore Illinois Plan
Monday, June 01, 2020
Evanston RoundTable

Chicago protests of George Floyd death live blog: June 1, 2020
Monday, June 01, 2020
Chicago Sun-Times

Pritzker declares disaster in nine counties, mobilizes more National Guard troops, calls ‘for calm and peace in our streets’
Monday, June 01, 2020
Chicago Sun-Times

all news items

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