Taxes and Fees

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2015 Effective Property Tax Rates in the Collar Counties

The Civic Federation recently released its annual Effective Property Tax Rates report. The report highlights that in 2015…

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'Real' property tax rates finally drop—but not for city homeowners

This article discusses the recent release of a Civic Federation report that estimates the…

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Study Compares Property Tax Burden In Northeast Illinois

(CHICAGO) The Civic Federation released its annual estimate of effective property tax rates in the six-county region of northeastern Illinois today. Among the 12 selected Cook County communities, Harvey had the highest effective tax rate…

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Estimated Effective Property Tax Rates 2006-2015: Selected Municipalities in Northeastern Illinois

Click here to read the full report. This annual report compares estimated effective property tax rates in the six-…

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Metropolitan Water Reclamation District FY2018 Tentative Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation supports the Metropolitan Water Reclamation District’s Tentative FY2018…

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Chicago Park District FY2018 Budget: Analysis and Recommendations

Click here to read the full report.  The Civic Federation supports the Park District's FY2018 proposed budget because it…

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Coverage on the City of Chicago FY2018 Budget Release

Following Mayor Rahm Emanuel’s FY2018 budget address, Civic Federation President Laurence Msall spoke with a pool of reporters on the City of Chicago’s finances. He said the Mayor’s budget is a reasonable plan that can move the City…

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School Districts and Property Taxes in Illinois

Illinois has by far the greatest number of local governments in the nation at 6,963, according to the U.S. Census Bureau’s 2012 Census of Governments. The vast number of local governments in Illinois is often cited as a driving factor for…

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New State Law Increases Cook County Property Tax Homestead Exemptions

Illinois Public Act 100-0401, signed into law on August 25, 2017, will increase the value of the Senior Citizens and General…

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Estimated Full Value of Real Estate in Cook County Higher but not to Pre-Recession Levels

UPDATE: This blog was updated in March 2018 per revised data in the Illinois Department of Revenue 2015 Assessment-Sales Ratio Study. The Civic Federation released its…