Taxes play a big role in take-home pay. Because of this, the federal government taxes individuals based on various income brackets. Illinois has made the recent proposal to get on board with this. One of the big, supporting arguments for graduated income tax is that...
Getting your property tax assessment may be something you have come to dread, especially if your taxes seem to steadily increase. However, it is possible to appeal your property tax assessment and potentially reduce the amount you have to pay. There are several...
Property taxes are a push and pull kind of game. The Illinois government wants to leverage what they can, as these taxes go to public expenses in need of funding. But as a hospital, costs are some of the most important factors to consider in order to provide top-tier...
Hospitals play a critical role in the community, from handling health emergencies to providing residents with medical services they count on. However, hospitals face many financial pressures, from massive debt to tax burdens. Some hospitals, such as nonprofit...
From business owners to those who own residential homes, property taxes are often difficult to deal with. These obligations place a lot of financial strain on families and entrepreneurs, sometimes resulting in shattered dreams and necessitating major changes (such as...
Business owners face a myriad of legal and financial issues, from contract disputes and employment law hurdles to worries about the future of their company. Unfortunately, tax obligations place a lot of strain on many business owners, especially property taxes. There...
One reason to appeal your property tax in Illinois is if you suspect you are overpaying. Multiple factors affect the payment amount of your property taxes and verifying that your payments are fair is never a bad idea. If your research suggests that you are overpaying,...
Every three years, the Cook County Assessor's office initiates a review of property tax valuations for properties in one of three districts within the county. These reviews result in updated assessment notices being sent to the property owners. It is on the valuations...
For many people, the dream of owning their own home signals a major milestone in their life. A place to call one's own can bring with it a sense of freedom and security, but it also comes with some responsibilities that are unique to home ownership. Paying property...
If you own one or more pieces of industrial or commercial property in Chicago or other areas of Cook County, you may want to pay close attention to how the county's new assessor is approaching the subject of property taxes. New approach could mean higher taxes As...
