Suffredin- Changing County Government  
 

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:  
   
 
 

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

   
 

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

   
  The Cook County Law Library is the second largest County law library in the nation.
   
     
     
     



Business property tax breaks growing

Tuesday, September 03, 2013
Evanston Now
by Bill Smith

More than 60 percent of Cook County communities provide property tax breaks to some commercial and industrial developments.

And a new study by the Chicago Metropolitan Agency for Planning says their use is growing -- with the number of properties receiving an incentive class tax break increasing 35 percent between 2007 and 2011.

The value of properties with those tax breaks increased from 3.5 to 5.8 percent of the vallue of all commercial and industrial land in the county during the same time period.

Evanston's Assistant City Manager Marty Lyons says two businesses here are getting property tax breaks.

Ward Manufacturing has received a Class 6B property tax incentive. It reduces the business's property assessment from 25 percent to 10 percent of market value for 10 years, with smaller reductions before the rate returns to the normal level after the 12th year.

The tax break was approved to help the long-time Evanston stamping plant at 2230 Main St. expand into a vacant building next door.

In addition the city has agreed to a property tax rebate deal for the 415 Howard St. rental high-rise apartment development.

This agreement, made at the start of the Howard-Ridge tax increment financing district, provided for reimbursment of property taxes to the owner once the property reached 90 percent occupancy.

That target was reached two years ago, Lyons says, and the city has been paying the incentive since then .

The deal calls for a 100 percent rebate of property taxes for the first five years, with the rebate gradually phased out over an additional seven years.

The CMAP report says that the higher tax rate imposed under state law on commercial and industrial property only in Cook County encourages widespread use of property tax incentives by municipalities in the county. And it suggests that the classification system "impedes economic development in many communities in Cook County."



Recent Headlines

Editorial: What happened to the elk?
Friday, August 10, 2018
Chicago Tribune

Wells Fargo to offer $15,000 grants to potential Cook County homebuyers
Thursday, August 09, 2018
Chicago Tribune

Suit alleges Cook County detainees secretly monitored in bathrooms in holding cells at courthouses
Wednesday, August 08, 2018
Chicago Tribune

Half the elk at Busse Woods died last year, and officials arenít sure why
Tuesday, August 07, 2018
Chicago Tribune

A letter from Dr. Jay Shannon regarding gun violence and Stroger Hospital
Tuesday, August 07, 2018
Special to suffredin.org

As Evanston adapts to minimum wage hike, nearby towns say they have no plan to join in
Tuesday, August 07, 2018
Chicago Tribune

Lawsuit could blast a $250 million hole in county budget
Monday, August 06, 2018
Crain's Chicago Business

Pappas: Automatic refunds of $19.5 million going to 53,000 homeowners because of property tax cuts
Monday, August 06, 2018
Special to suffredin.org

Thousands of Cook County homeowners to receive property tax refunds
Monday, August 06, 2018
Chicago Sun-Times

Cook County Board Adopts Resolution Concerned With Foxconn Impacts
Thursday, August 02, 2018
Journal and Topics Media Group

FBI: Ex-employee alleges Dorothy Brown picked up cash payoffs at bagman's home
Thursday, August 02, 2018
Chicago Tribune

Demolition of MWRD dam to clear way for fish and recreation
Wednesday, August 01, 2018
Special to suffredin.org

EXCLUSIVE: Sheriff Tom Dart to pair inmates with pet dogs
Wednesday, August 01, 2018
Chicago Sun-Times

County Minimum Wage, Sick Time Advisory Questions Approved for November Ballot
Wednesday, August 01, 2018
Journal and Topics Media Group

Editorial: Berrios and Kaegi: What a new assessor can and can't fix
Thursday, July 26, 2018
Chicago Tribune

Your Personal Data May Be Exposed in Cook County Traffic Records
Wednesday, July 25, 2018
CBS Chicago

Garcia avoids public tiff with Preckwinkle, delays plan for county revenue forecasting commission
Wednesday, July 25, 2018
Chicago Tribune

Cook County TIF districts bring in $1 billion
Tuesday, July 24, 2018
Chicago Sun-Times

Cook County board moves to prevent repeat of pop tax fiasco
Friday, July 20, 2018
Crain's Chicago Business

Cook County forest worker was going 76 mph in 30 mph zone, had THC in system during fatal crash while on job: prosecutors
Thursday, July 19, 2018
Chicago Tribune

all news items

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