property taxes

After watching for years as their city's financial troubles piled up, Chicago homeowners will be told that it's time for them to start paying the tab. Mayor Rahm Emanuel's office says he'll propose a phased-in $543 million property tax Tuesday to help eliminate police and fire pension debt.

Peoria County property tax bills coming

Apr 17, 2015

Roughly 82,300 Peoria County Real Estate Tax bills are being mailed by April 23. The first installment due date is June 9 and the second installment due date is September 9. Payments need to be postmarked by their respective due dates to avoid penalties. If a tax bill is not received by May 15, the Treasurer’s Office recommends requesting a duplicate bill. Failure to receive a real estate tax bill, or receiving it late for any reason, does not relieve the taxpayer of accruing penalties if taxes are not paid before delinquent dates.

As students across Illinois begin the new school year, their schools are using funds that rely heavily on property tax wealth.  IPR's Hannah Meisel reports on a plan to change that.

Illinois' school funding formula works like this: school districts collect property taxes from their residents, then depending on how property-wealthy or property-poor an area is, the state pitches in its share. That frequently means poorer districts stay poor because the state can't give enough, and wealthier districts remain wealthy.

Illinois Governor Pat Quinn is expected to take action Monday on a bill that cuts the retirement benefits of thousands of City of Chicago employees, and could lead to higher property taxes.

Ardis on pension reform

May 5, 2014

Statewide community leaders say ballooning police and fire pensions are crippling their budgets. Mayors again lobbied for pension reform in Springfield last week.