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.

   
  Cook County Hospital fills more outpatient prescriptions every day than are filled at 26 Walgreen's drug store combined.
   
     
     
     



Cook County assessor's tax reform bill skids in Springfield

Friday, May 31, 2019
Crain's Chicago Business

Cook County assessor's tax reform bill skids in Springfield

A House committee shelved a bill that would implement a key piece of Fritz Kaegi's new approach to valuing commercial properties.

WTTW News

A key piece of Cook County Assessor Fritz Kaegi's plan to overhaul the way his office values properties hit a roadblock today, as lawmakers shelved a bill he is counting on as a centerpiece of the new system.

The measure, dubbed the Data Modernization Bill, was buried in an Illinois House committee today as legislators work through details of the new rules it would create.

The bill proposes to force commercial property owners to disclose certain financial information to the assessor's office about a building's income, which Kaegi would use to help accurately calculate its value. That would be a far cry from the "baffling" method Kaegi says his predecessor, Joe Berrios, employed under a system that led to wildly variable property assessments and criticisms that many commercial properties were being undervalued.

Kaegi's bill, SB 1379, won Senate approval by a wide margin last month and was set for hearing today before it was pulled from the agenda.

The assessor's office "was informed by House leadership that (the bill) would not move out of the Rules Committee for a vote during the current legislative session," the office posted in a statement on its website.

The bill "remains the best, first legislative step toward reform of the property tax system," Kaegi said in the statement. "We'll be back next session to get it passed."

At issue in the bill are concerns about how Kaegi's office would use properties' highly sensitive financial information and especially how it would protect it. Kaegi's proposal would ensure those records wouldn't be subject to Illinois open records laws.

Kaegi needs state approval to be able to implement the new system and has been on a quest to promote the bill in recent months. That pursuit stands to continue as legislators wrap up their spring session tomorrow.

With or without the bill's passage, Kaegi has already shaken up the assessment system in a way that will likely push more of the local property tax burden onto commercial properties. In Evanston, one of the first local municipalities to be reassessed since Kaegi's election, some apartment buildings recently saw their assessed property values double or triple.

Those examples have sent shockwaves throughout the local commercial real estate market as the city of Chicago stares down its next reassessment in 2021. The uncertainty of how properties will be valued—and, more specifically, how big their property tax bills will be—has raised concerns among downtown landlords and prospective investors in the market.

 

 



Recent Headlines

After ethics spat, Cook County code on its way to a revamp
Thursday, September 24, 2020
Crain's Chicago Business

County Board to renew Preckwinkle emergency powers, lay ground rules to pick new IG
Thursday, September 24, 2020
Daily Line

Cook County plans to give out grants of up to $10,000 to small businesses hit hard by pandemic
Wednesday, September 23, 2020
Chicago Tribune

Groups call for big changes in an office stuck in the carbon paper era
Tuesday, September 22, 2020
Crain's Chicago Business

Next Cook County Circuit Court Clerk Must Improve Public Access, Accountability, Legal Groups Say
Tuesday, September 22, 2020
WTTW News

Illinois secretary of state’s office letter to voters causes confusion for some mail-in ballot applicants
Monday, September 21, 2020
Chicago Tribune

Confusion delivered in mail-in voting letters from Illinois Secretary of State Jesse White
Monday, September 21, 2020
Chicago Sun-Times

HACC Wait Listing Opening
Monday, September 21, 2020
Special to suffredin.org

A national group studied commercial property tax assessments in Cook County under the last assessor, Joe Berrios. The results were not pretty.
Monday, September 21, 2020
Chicago Tribune

Cook County Jail set for in-person voting despite COVID-19 setbacks: ‘It’s also about social justice, it’s about fairness, it’s about hope’
Monday, September 21, 2020
Chicago Tribune

Workdays for Perkins Woods
Monday, September 21, 2020
Special to suffredin.org

Cook County watchdog heading for the exit
Friday, September 18, 2020
Crain's Chicago Business

Cook County watchdog planning exit after helping find successor: ‘It’s good government’
Friday, September 18, 2020
Chicago Sun-Times

Bomb squad determines suspicious crate left outside Park Ridge Post Office did not pose threat
Friday, September 18, 2020
Chicago Tribune

Cook County Board of Ethics appoints new chair after previous two ousted amid earlier shakeups
Thursday, September 17, 2020
Chicago Tribune

Artist Builds Effigy Mounds to Honor Indigenous People in Cook County
Tuesday, September 15, 2020
WTTW News

Cook County on pace for more than 900 homicides in 2020: medical examiner
Tuesday, September 15, 2020
Chicago Sun-Times

Skokie seeks federal reimbursement for coronavirus-related expenses
Tuesday, September 15, 2020
Chicago Tribune

Cook County Board President Toni Preckwinkle on Racial Equity Week
Monday, September 14, 2020
WTTW News

When Cook County inmates await trial for years, true justice is thwarted
Monday, September 14, 2020
Chicago Sun-Times

all news items

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