Yesterday the Illinois Department of Revenue released the final 2020 Cook County equalization factor. The factor (sometimes referred to as the multiplier) for 2020 is 3.2234. The final factor in 2019 was 2.9160, which means...more
In the next few weeks, Cook County school districts and other taxing agencies will be receiving notices from the State’s Attorney’s Office that the tax rate objection complaints for the 2011 to 2014 tax years are being...more
The Illinois Department of Revenue recently released the tentative 2020 Cook County equalization factor, also known as the multiplier. The preliminary factor is 3.0861....more
The Illinois Appellate Court recently issued two decisions involving property tax assessments, each being noteworthy for a different reason. One is noteworthy because it focuses on the longstanding legal principle that a...more
Last week, the General Assembly adopted legislation that attempts to clarify the power of county boards to waive all or a portion of the interest penalty of 1.5% per month that is normally applied to late property tax...more
5/28/2020
/ General Assembly ,
Interest Rates ,
Legislative Agendas ,
Penalties ,
Property Owners ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
State and Local Government ,
Tax Assessment ,
Waivers
Several County governments have taken steps to move the due dates for property tax payments or have eliminated the penalty provisions for taxpayers who do not pay taxes on time. To date, we are aware of four counties that...more
In yet another change brought about by COVID-19, the Cook County Board of Review is now providing notice of new Property Tax Appeal Board (PTAB) appeals by electronic mail. ...more
On Friday, The Chicago Sun-Times reported that Cook County Assessor Fritz Kaegi is moving to send notices to all property owners in Cook County regarding the effect of the coronavirus on property owners. Reassessment notices...more
On Friday, Governor Pritzker issued Executive Order 2020-15 allowing school districts to communicate, respond to, and open bids electronically for school construction projects. Section 10-20.21 of the Illinois School Code...more
Last week, nine Cook County school districts and Calumet City filed an amicus curiae (“friend of the court”) brief in the Seventh Circuit Court of Appeals in support of rehearing in the case A.F. Moore & Associates Inc. v....more
2/26/2020
/ Amicus Briefs ,
Class Action ,
Constitutional Challenges ,
County Assessors ,
Lack of Jurisdiction ,
Motion to Dismiss ,
Municipalities ,
Petition For Rehearing ,
Property Tax ,
Property Valuation ,
School Districts ,
State and Local Government ,
Tax Appeals ,
Tax Assessment ,
Tax Planning ,
Tax Refunds ,
Tax Revenues
Franczek P.C. is pleased to announce the publication of its annual Legislative Update for schools. With the flood of legislative changes in Illinois this year, it is more imperative than ever for education stakeholders to...more
Governor Pritzker recently signed into law Public Act 101-0455 amending the School Safety Drill Act (105 ILCS 128/1) to require threat assessment procedures and the creation of threat assessment teams in school districts...more
9/18/2019
/ Adverse Events ,
Emergency Management Plans ,
FERPA ,
FOIA ,
Incident Response Plans ,
Information Sharing ,
New Legislation ,
Policies and Procedures ,
Public Acts ,
Regulatory Requirements ,
Risk Assessment ,
School Districts ,
State and Local Government ,
Threat Management ,
Vulnerability Assessments
Recently, The Civic Federation, a government research organization, released a report of the Property Tax Appeal Board that details the history of the PTAB backlog of appeals, extrapolates data from the last fifteen years,...more
Last week the Illinois Appellate Court ruled that the Truth in Taxation Law does not require a taxing district to document its estimated property tax levy and that a public hearing is not required if a proposed levy is less...more
Last week a lawsuit was filed in the U.S. District Court for the Northern District of Illinois by a group of seven Cook County taxpayers challenging the time it has taken to adjudicate their claims in the Cook County Circuit...more
Tucked inside the 763-page budget implementation bill adopted by the Illinois House is a provision that imposes penalties on school districts entering into contracts and collective bargaining agreements that provide TRS...more