News about taxes
An Associated Press analysis of county tax data across three states — Illinois, Iowa and Nebraska — found wind companies rank among the biggest taxpayers in many rural communities
Officials at school districts in DeKalb County are considering asking voters if they would be supportive of an up-to 1% sales tax they said could create $10M in revenue for all school districts in the county, while taxing local purchases. Here's what we know:
As more electronic video gaming terminals pop up in restaurants, truck stops and other businesses across the state, Sauk Valley residents are asking the same questions: How much money is the city getting for this, and where does all that money go?
Geneva alderpersons, acting as the Committee of the Whole, Monday recommended approval of a $2 million tax increment finance deal in an 8-2 split vote.
The majority of the nearly $120,000 Sycamore residents were overtaxed on their 2022 city property tax bills has been refunded, officials said this month.
Gov. JB Pritzker on Wednesday gave final approval to a plan to bolster the state’s tech industry, including an incentives package backed by $500 million in the state budget
Several hundred people Tuesday made it very clear they oppose using property taxes to help pay some of the costs of transforming 861 acres of farmland near Sugar Grove into warehouses, offices, stores and housing.
The Supreme Court on Thursday upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests, declining their invitation to weigh in on a broader, never-enacted tax on wealth.
The Forest Preserve District of Will County board voted 16-2 for a bond plan with the only no votes from two commissioners who stirred an online campaign to reject the proposal.
Proponents of the idea say that in addition to helping low-income families, programs like the child tax credit help local economies
Two Forest Preserve District of Will County commissioners who plan to vote against $50 million bond plan pay for poll that shows opposition.
Public hearing on Forest Preserve District bond plan draws more than 150 emails from concerned taxpayers.
County clerk reminds residents how to pay their bill
Oswego taxing bodies want an analysis done on the impact fees that a developer pays to offset the financial impact a new development places on public infrastructure.
Plainfield Village President John Agroudelis delivered his State of the Village address on May 9, discussing upcoming developments to the village and celebrating the residents.
While the governor’s office instructed its agency directors to prepare for $800 million in potential budget cuts last week, all facets of his plan to raise $1.1 billion in revenue to avoid those cuts remain under consideration.
Taxes are payable in two installments due on June 28 and Sept. 6, 2024.
McHenry County property tax bills are on the way, with a new look and options for payments.
Property tax revenues are expected to increase by almost 6% as part of the Oswego SD308’s budget for the new fiscal year, which starts July 1.
The tax was proposed by Kane County Board Chair Corinne Pierog to fill in a gap between revenue and spending in the county’s general fund.
The average Yorkville resident will see a rate increase of just under $10 per month during the next year.
Beginning May 1, taxpayers can visit the treasurer’s website to view and print duplicate bills.
Board action was prompted by what school district officials said is a need to revise its 2023 property tax levy to reflect a record number of home assessment appeals processed by the DeKalb County Clerk and Recorder’s Office
The DeKalb City Council this week approved a plan to lower its levy collection for 2023 property tax bills, an effort that city leaders said is meant to ease taxpayer burden after what officials said were a record number of property tax appeals this spring.
The property assessment equalization factor, often called the “multiplier,” is the method used to achieve uniform property assessments among counties, as required by law.
As the April 15 filing deadline approaches, the Internal Revenue Service reminds Illinois taxpayers how they can speed up potential tax refunds by preventing common errors on their federal tax returns.
Residents who were collectively overtaxed nearly $120,000 on their 2022 Sycamore property tax bills should expect a refund mailed to them this spring, Sycamore officials said on Thursday.
The village had implemented a 1 percent “places to eat” tax on prepared food and beverages as of Dec. 1, 2023 to provide part of the funding for a new police station.
Is your DeKalb County address correct for your tax bill? Have you moved in the last year? An incorrect mailing address could prevent you from receiving your tax bill and other important notices in a timely fashion.
The DeKalb School District 428 school board recently approved a request by the village of Malta to extend a tax increment financing (TIF) district by an additional 12 years.
The deadline to apply for the property tax relief program is Friday, March 1. Visit the website of the Will County Treasurer’s Office.
Joliet Township's tax preparation services are free for senior citizens, regardless of their income level, as well as those who earn $60,000 or under.
Illinois Gov. JB Pritzker is also proposing spending $10 million in state funds to buy Illinoisans’ past-due medical debt that’s been sent to collections.
The annual process of negotiating the state budget kicked off Wednesday with Gov. JB Pritzker proposing a $52.7 billion spending plan that includes hundreds of millions of dollars in new spending and tax increases, particularly for businesses
Gov. JB Pritzker on Wednesday proposed growing state spending by about $1.8 billion in the upcoming fiscal year while making a handful of corporate, sports wagering and other tax changes to pay for the increase.
Gov. JB Pritzker will give his sixth state budget address this week, laying out his plan for a fiscal year that government forecasters in November predicted is on pace for a near-$900 million deficit unless corrective action is taken.
The city of DeKalb is considering a plan to place a portion of South Fourth Street within a tax increment financing district to encourage more economic development in the area, documents show. The City Council is expected to vote whether to approve a feasibility study Monday.
Tax season can be fraught with paperwork, deadlines, and sometimes con artists. As the first day for filing kicks off, it’s important to be cautious.
The Plainfield Village Board may be in the “clean-up stages” of the agreement on video gaming in the village and seems likely the item will reappear as an agenda item again soon.
The House accomplished something unusual Wednesday in passing with broad, bipartisan support a roughly $79 billion tax cut package that would enhance the child tax credit for millions of lower-income families and boost three tax breaks for business
Sycamore School District 427 is lowering its property tax levy rate next year but that doesn’t mean property tax bills are going down for Sycamore residents. Here's what your 2023 school district portion of your property tax bill could look like:
After two meetings of fierce debate the Lockport Committee of the Whole has agreed to advance a proposed plan for a commercial-residential rezoning of the Lockport Square property to the City Council for a vote.
With a deadline looming and dozens of concerned residents awaiting a decision, the DeKalb School District 428 board on Thursday adopted its 2023 property tax levy. Here's what that means for your property tax bill:
The almost $120,000 that Sycamore property owners were erroneously taxed this year will be returned via rebate checks in 2024, after city officials blamed the taxation error on an “administrative issue.”
The bottom line from the five-year forecast from the Governor’s Office of Management and Budget: The current fiscal year is now projected to end with a $1.4 billion surplus, while the upcoming fiscal year 2025 is projected to face an $891 million deficit.
The DeKalb County Board this week approved a plan to collect $26.7 million with its 2023 property tax levy, which means most area homeowners likely will see a slight decrease on their bills come spring.
It was standing room only this week when the DeKalb School District 428 board failed to muster enough support to pass its controversial property tax levy, though another special meeting is expected for next week with another chance for residents to weigh in.
Rock Falls taxpayers could see a decrease on their property tax bills next year if the city’s proposed tax levy is passed on Dec. 19. The Rock Falls City Council is considering a property tax rate of $21.72 per $1,000 of actual value for fiscal year 2024.
Sycamore elected officials have not yet reached a consensus on what to do about overtaxing residents $120,000 on their 2022 property tax bills, though some residents are asking they pay it back directly. A final vote is expected Dec. 18.
Dozens showed up recently ahead of an expected December vote to urge the DeKalb School District 428 to lower property taxes amid a proposal put forth by the district that would have seen taxpayers pay hundreds more on their bills.