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:  
   
 
 

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.
   
     
     
     



Despite IRS warning, property tax stampede rolls on

Thursday, December 28, 2017
Crain's Chicago Business

An Internal Revenue Service warning failed to staunch a taxpayer stampede to prepay property taxes by year end, before the federal tax overhaul takes effect. And some accountants say the IRS advisory won't matter much, in Cook County at least.

Through Wednesday, 47,000-some Cook County taxpayers had forked over nearly $313 million. Another 16,000 paid almost $100 million by mid-day on Thursday. Will County by Wednesday took in $16.4 million, five times a week-old projection.

Sign up for the free Today's Crain's newsletter

Property owners are rushing to blunt the impact of a $10,000 cap on state and local tax deductions inserted into the tax measure. In theory, payments made before Jan. 1 qualify as 2017 deductions under the old law's unlimited ceiling on state and local deductions.

Read more: Chicago-area taxpayers rush to beat deduction limits

However, on Wednesday, the IRS said not so fast. It issued a statement that could endanger many of the prepayments, cautioning, "A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017. State or local law determines whether and when a property tax is assessed, which is generally when the taxpayer becomes liable for the property tax imposed."

In Cook County, property tax bills are not finalized until August for the previous tax year, in line with the county's history of issuing bills a year in arrears. Tax professionals think this fact, coupled with prepayment limits equal to the 55 percent of the previous year's bill (the traditional first installment), gives comfort to Cook County taxpayers.

"The liability is a 2017 liability—and that's not the case in every other state," says Dan Wolf, a CPA and partner at Wipfli in Northbrook. "I think this leaves Cook as still being OK. They seem to have been left intact by this announcement."

Cook County Treasurer Maria Pappas has argued that case—but not formally. "What can I tell you?" she said today. "It's the same thing we have on our website: Ask your accountant!"

Stan Lazar, managing partner of tax and consulting firm Shepard Schwartz & Harris in Chicago, adds, "I don't think it's a big fight the IRS is going to pick. They've got more on their plate . . . I doubt it will be the subject of a specific IRS exam. There's just not enough money involved for a particular taxpayer."

Greg Hinz: The new tax law maybe isn't playing the way the GOP planned

Will County permitted two years of prepayments, but after the IRS weighed in, the county advised taxpayers to limit themselves to one year's. "We have some people who are reconsidering those decisions" to prepay, according to deputy treasurer Brian McDaniel, who says of the IRS: "They did not do anyone any favors on clarity."

Other collar counties like DuPage and Lake set a maximum of 105 percent of the previous tax bill.

"Call volumes are excessive at this time," says a recorded message by the DuPage County treasurer's office. Treasurer Gwen Henry could not be reached. Her voicemail said she was out of her office "working with the taxpayers" and "won't get to voicemail until probably Saturday, and I think that's going to be a little late."

One room of a few in an incredibly, ridiculously long line to pay estimated 2017 property taxes in DuPage County. Shame on you @PeterRoskam! We need new representation! Support @Carole4IL06 #FlipThe6th #TaxScamBill pic.twitter.com/epY44ycSvC

— Kim Reed (@KimReed3) December 28, 2017

Phone calls to the Lake County treasurer's office went unanswered yesterday. Treasurer David Stolman last week said payments must be received by today—a Dec. 29 postmark wouldn't do. Now, it will suffice, according to the Waukegan News-Sun. Pappas said her office would be open from 9 a.m. to 5 p.m. on Sunday, New Year's Eve.

McDaniel said payments have been averaging $5,800, compared with an typical annual bill of $2,300. One taxpayer wanted to prepay 10 years in advance (and was rebuffed), he said.

"It's crazy; it's unprecedented; it's bizarre," he says of lines out the door. On Tuesday, 1,100 prepayments were made, quadruple last year's 260 total.

.@PeterRoskam See these long lines at DuPage County tax office today. PPL pre-paying 2018 property taxes. @NBCNews pic.twitter.com/bYSj3YOT2s

— Illuminator (@WakeUpDJTVoters) December 26, 2017


Recent Headlines

Measles Exposure Reported in Chicago
Monday, May 20, 2019
WTTW News

System News
Friday, May 17, 2019
Special to suffredin.org

Cook County Health Recognizes Mental Health Awareness Month
Thursday, May 16, 2019
Daily Herald

Skokie plans for road improvements near Edens Expressway: 'It’s desperately needed'
Thursday, May 16, 2019
Skokie Review

5 Chicago hospitals earn D grades for patient safety in new report, Northwestern slips to a B
Wednesday, May 15, 2019
Chicago Tribune

Chicago Daily Law Bulletin: Backward Glances
Wednesday, May 15, 2019
Chicago Daily Law Bulletin

Cook County Eliminated Its Gang Database, But Advocates Say Harm Continues
Wednesday, May 15, 2019
WBEZ News

New Cook County Housing Authority Proposal Targets the 'Missing Middle'
Wednesday, May 15, 2019
Evanston RoundTable

Census Citizenship Question Could Hurt Citizens, Noncitizens Alike
Wednesday, May 15, 2019
WBEZ Chicago Public Radio

News from Friends of the Forest Preserves
Tuesday, May 14, 2019
Special to suffredin.org

Cook County commissioners get earful about soon-to-be-destroyed gang database
Tuesday, May 14, 2019
Chicago Sun-Times

Detainee dies days after suicide attempt at Cook County jail
Tuesday, May 14, 2019
Chicago Sun-Times

Curious City How Chicago Women Created The World’s First Juvenile Justice System
Monday, May 13, 2019
WBEZ Chicago Public Radio

Cook County report: Sharp drop in jail population, but crime did not jump
Friday, May 10, 2019
Injustice Watch

Will Cook County be home to the next big measles outbreak? Researchers think so.
Friday, May 10, 2019
Chicago Tribune

May is Prime Time for Birding in the Forest Preserves of Cook County
Thursday, May 09, 2019
Special to suffredin.org

More Babies Are Illegally Abandoned Than Turned Over Through Illinois’ Safe Haven Law In Cook County
Thursday, May 09, 2019
CBS Chicago

Empty businesses may lose county tax incentives
Wednesday, May 08, 2019
Homewood-Flossmoor Chronicle

As new DCFS report highlights failures, Cook County guardian says 'inept' child welfare agency is ‘not doing its job ... at every level’
Tuesday, May 07, 2019
Chicago Tribune

Cook County passes bill to stop discrimination against tenant applicants
Tuesday, May 07, 2019
Chicago Crusader

all news items

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