Taxes

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.