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
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.

   
  Eighteen of the 20 largest banks in the world and more than 50 foreign banks have offices in Cook County.
   
     
     
     



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

‘Do you know who I am?’ Investigators say Cook County commissioner pressed cops to scrap ally’s $250 parking ticket
Tuesday, July 16, 2019
Chicago Tribune

IG: Cook County needs revamp on sexual harassment outside of work following allegations against Preckwinkle ex-chief of staff
Tuesday, July 16, 2019
Chicago Tribune

Higher Assessments Hit North Suburban Commercial Property Owners
Thursday, July 11, 2019
Evanston Patch

How did an inmate get a loaded gun into Cook County Jail?
Thursday, July 11, 2019
Chicago Tribune

Check exemptions, file an appeal: What you can do to fight your Cook County property tax bill
Thursday, July 11, 2019
WGN Chicago

’A lack of mental health services has plagued Chicago for decades’: Holy Cross Hospital expanding to fill that void on the Southwest Side
Wednesday, July 10, 2019
Chicago Tribune

How To Appeal Your Cook County Property Tax Assessment
Wednesday, July 10, 2019
CBS Chicago

County Commission Hopes to Increase 2020 Census Participation
Wednesday, July 10, 2019
WTTW News

Cook County Property Tax Bills: Where Does Your Money Go?
Wednesday, July 10, 2019
CBS Chicago

Seniors Receive Inflated Property Tax Bills By Mistake
Tuesday, July 09, 2019
WBBM Radio

Cubs co-owner Todd Ricketts’ property tax appeal under investigation after Tribune finds assessment problem
Tuesday, July 09, 2019
Chicago Tribune

North suburban landlords slapped with big assessment hikes
Monday, July 08, 2019
Crain's Chicago Business

Miscalculation leads to increased tax bills in Wheeling Township
Friday, July 05, 2019
Daily Herald

Judge rules state legislators violated Illinois Constitution by voting to freeze their pay
Wednesday, July 03, 2019
Chicago Tribune

Search: Chicago Property Tax Increases and Decreases by Ward
Wednesday, July 03, 2019
WTTW News

Millions in Cook County property tax refunds going to homeowners whose bills show no balance due
Monday, July 01, 2019
ABC 7 Chicago

Why 7,600 property owners in suburban Cook County are getting tax refunds
Monday, July 01, 2019
Daily Herald

$25 million in property tax refunds going to 25,000 owners
Monday, July 01, 2019
Special to suffredin.org

Illinois hiring hundreds to reduce Medicaid backlogs
Monday, July 01, 2019
Crain's Chicago Business

County health officials say IG report was ‘simply wrong’ even as commissioners plan hearings on system’s finances
Thursday, June 27, 2019
Chicago Tribune

all news items

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