Property Tax Cutting Referendums

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

Property Tax Cutting Referendums & Footnotes

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

Property Tax Cutting Referendums

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

Getting Out from Under the Property Tax Cap

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

Property Tax Cutting & Raising Referendums in Tax Cap Counties

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

Property Tax Cutting & Raising Referendums in Non-Tax Cap Counties

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

Property Tax Cutting & Raising Referendums in Non-Tax Cap Counties

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

Property Tax Cutting Referendums – Research Design

State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]?  If so, did that … Continue reading

CL Rural FPD – Unclear on the Process

The Crystal Lake Rural Fire Protection District has a “black box” ad in the Northwest Herald today. When a tax districts asks for more than 5% more than it received the year before, this newspaper revenue enhancer must be published. … Continue reading

Will Higher Assessments Lead to Higher Taxes?

Real estate assessments are being hiked by 8% in a lot of townships. That has to be scaring people who don’t understand the property tax system. There are two parts to the tax bill: the assessment the tax rate On … Continue reading

Village of Union Doesn’t Understand Tax Cap

Under the Property Tax Cap, a non-Home Rule Unit (think municipalities over 25,000 people like Chicago, Crystal Lake and McHenry, plus municipalities who have approved Home Rule by referendum vote lie Barrington Hills) may not raise its tax levy by … Continue reading

CL High School District 155 Board Saves Taxpayers $758,000 a Year…Forever

Ran into Crystal Lake High School District 155 Board President Ted Wagner and he told me something I did not know before. The High School Board “left $758,000 on the table.” Those were his words. What’s that mean? It means … Continue reading

Tax Cap Inflation Rate for 2017 Taxes Set at 7/10 of 1%

Earlier this month, the Illinois Department of Revenue showed in inflation increase was 8/10 of 1% for 2015. That indicated that non-Home Rule tax districts (schools being the most expensive) could not increase their tax take by more than 8/10 … Continue reading

Conservation District Asking for Slightly Less

As I have been trying to get through to folks, something called the “tax extension” is what people (including reporters) should concentrate on. The extensions of all tax districts in McHenry County can be found on the McHenry County Clerk’s … Continue reading

Low Inflation to Rescue Property Taxpayers in 2016

Thanks to The First Electric Newspaper for reminding me that it is that time of year when financial officials at tax districts find out how much more tax money they will be able to get in 2016. They already know … Continue reading