Suffredin- An Advocate for All of Us  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  Cook County is the second most populous county in the nation. It is the 19th largest government in the U.S.
   
     
     
     



7 percent 'solution' won't keep jobs here

Tuesday, April 18, 2006
Chicago Sun-Times
by Jerry Roper
Letter to the Editor

The Sun-Times is worried about homeowners' sticker shock from escalating property tax assessments ["Extend limit on increases in annual tax assessments," editorial, April 11], but what about the tax blow dealt to business by the 7 percent assessment cap? Commercial properties across Cook County were socked with $171 million in additional taxes in the first year alone, according to a University of Illinois study.
This law may "maintain the proportion of taxes paid by residential and commercial properties," but it does so at a time when the relative number of residential and commercial properties in Cook County is radically shifting. The residential property market is booming, representing nearly 88 percent of the parcels and 56 percent of the assessed value in Cook County for 2004. So it only makes sense that this class would naturally absorb a larger portion of the "tax pie."
Between 1995 and 2004, residential parcels in Cook County skyrocketed more than 13 percent, adding 168,000 units, while commercial and industrial properties shrank by 7,800 units, or nearly 8 percent. These trends are causing a progressive shift in relative tax burdens among the property classes. The erosion of the commercial/industrial tax bases should be an overriding concern because it means lost jobs and increasing future tax burden to homeowners.
Manipulating assessments to keep residential property taxes artificially low for a select subset of affluent homeowners is misguided and unfair to commercial and residential property owners alike. You sheepishly admit "some homeowners are paying more." It's actually 52 percent of homeowners in Chicago. And the taxpayers most hurt are those who can least afford it, including seniors receiving the senior assessment freeze and homeowners with low value or slowly appreciating homes.
Artificial manipulation of property tax assessments in Cook County is a risky game, and elected officials should not be surprised if their tinkering leads to job loss and a diminished economy. Cook County already boasts one of the highest overall tax burdens in the nation, and continuing to shift property taxes onto business does not bode well for future investment here.
Rather than extend the 7 percent assessment cap and continuing to tinker around the edges of a system that the assessor admits is badly in need of reform, why doesn't he work with the Illinois General Assembly to create a solution -- meaningful property tax reform that adequately funds schools and local government without squeezing any property owners?
Jerry Roper, president and CEO,
Chicagoland Chamber of Commerce
Ronald Vukas, executive vice president,
Building Owners and Managers Association of Chicago
William Bornhoff, director,
Chicago Development Council



Recent Headlines

Illinois Supreme Court sets civil, criminal fee schedule
Thursday, February 14, 2019
Chicago Daily Law Bulletin

Seniors: Are your Cook County property taxes delinquent? Your home could be at risk
Thursday, February 14, 2019
WLS Abc 7 Chicago

Editorial: Look out, taxpayers: When governments have more pensioners than employees
Thursday, February 14, 2019
Chicago Tribune

Hundreds of accused criminals on electronic monitoring are missing
Wednesday, February 13, 2019
ABC Channel 7

Glenview adopts Cook County minimum wage and sick leave ordinances, effective July 1
Tuesday, February 12, 2019
Chicago Tribune

Lawsuit over property tax assessments survives challenge
Monday, February 11, 2019
Chicago Daily Law Bulletin

EXPERIENCE THE HEALTH BENEFITS OF THE FOREST PRESERVES THROUGHOUT WINTER
Thursday, February 07, 2019
Special to suffredin.org

Cook County Jail detainee dies at Stroger Hospital
Thursday, February 07, 2019
Chicago Sun-Times

The Cook County Sheriff’s Office Says Its Gang Database Is on Lockdown, but Questions Remain
Thursday, February 07, 2019
Pro Publica

Charges dismissed against man accused of threatening judge
Thursday, February 07, 2019
Daily Herald

Double Down: Twin Brothers Rehabbing Chicago
Wednesday, February 06, 2019
Chicago Defender

Slowik: Residents, officials celebrate rehab work at public housing sites
Wednesday, February 06, 2019
Daily Southtown

Class action: Evanston can't charge 'convenience fees' to people paying tickets online
Wednesday, February 06, 2019
Cook County Rercord

390 arrested in nationwide prostitution sting, including 38 in Cook County
Wednesday, February 06, 2019
Chicago Sun-Times

As we build a road, we will protect the forest preserves
Wednesday, February 06, 2019
Chicago Sun-Times

Campaign to weed out European buckthorn across the suburbs
Tuesday, February 05, 2019
Northwest Herald

Airbnb hosts in Cook County earned $109 million last year: report
Monday, February 04, 2019
Chicago Sun-Times

Cook County senior exemption deadline extended
Monday, February 04, 2019
Daily Herald

Decadelong legal battle over Barrington Hills horse farm — eyed as huge forest preserve — may be nearing resolution
Monday, February 04, 2019
Chicago Tribune

EDITORIAL: Protect iconic forest preserve from concrete overkill
Sunday, February 03, 2019
Chicago Sun-Times

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP