On July 29, 2021, Governor JB Pritzker, approved House Bill 2621 which was codified as Public Act 102-0175 (“Act”). The Act creates several property tax incentives to facilitate the development of affordable housing in Cook County. The application portal for these programs is now open (link here: Affordable Housing Programs […]
Category: Real Estate Tax
Property owners should note, the 2020 first installment real estate tax bill was due on March 2, 2021. Per an ordinance passed by the Cook County Board, late charges were waived by the County if the 2020 first installment tax bills were paid by May 3, 2021. The first installment […]
Commercial property owners must consider a variety of issues when analyzing their potential return on an investment. While acquisition costs and financing terms often take center stage, it is critical not to overlook the potential impact of property taxes. This is a serious problem, as fluctuations in property taxes can […]