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.
   
     
     
     



Assessor touts new law’s tax savings

Thursday, September 01, 2005
Daily Herald
by Eric Krol

Cook County Assessor Jim Houlihan estimated Wednesday that 97 percent of Northwest suburban homeowners will get a larger homestead exemption and nearly two-thirds will see smaller property tax bills this fall.

And he credits the property tax relief to a new state law he pushed that caps increases in residential property tax assessments at 7 percent a year and expands the standard homeowner exemption to a minimum of $5,000.

“The message is that the 7 percent (cap) worked. It provided substantial protection in making the reassessment and the cap fair,” Houlihan told the Daily Herald editorial board.

Business groups opposed the measure, arguing that reducing assessments on homes would mean a greater share of the tax burden would fall on them.

Houlihan argued it hasn’t been as bad as businesses feared. His figures showed that in Arlington Heights, for example, commercial buildings bear 23 percent of the property tax burden, a figure that would have fallen to 20 percent this year without his new law.

Illinois Manufacturing Association President Greg Baise said it’s too early to tell what effect the law would have.

“I think it’ll take three or four years to show up,” Baise said.

The law allowed all counties to either opt in or out of the 7 percent cap, and only Cook opted in. While collar counties all opted against the cap, the law did provide for increasing the homestead exemption from $3,500 to $5,000 this year.

Houlihan released estimates on how the cap will affect seven North and Northwest suburbs when tax bills come out around Oct. 1. In Des Plaines, for example, 67 percent of homeowners are projected to have a lower tax bill and 98 percent would have a larger exemption. The median homestead exemption savings from the new law is expected to be $1,261 in Des Plaines.

About 3 percent of homeowners won’t see a larger homeowner exemption, Houlihan said, because they live in neighborhoods where home values aren’t increasing by more than 7 percent a year.

Baise also said the real issue for businesses is the county’s out-of-date property tax system that assesses commercial and industrial property at more than twice the rate of homes.

Houlihan acknowledged the classification system needs updating but said it’s tough. Instead, he plans to go to Springfield to lobby for making the 7 percent cap permanent



Recent Headlines

$1M settlement to family of man denied medical attention while in police lock-up
Monday, January 21, 2019
Chicago Sun-Times

After beating in Evanston, Northwestern alum seeks to promote better policing
Sunday, January 20, 2019
Injustice Watch

Cook County offers two tax exemptions for seniors
Saturday, January 19, 2019
Homewood Flossmore Chronicle

Will political infighting delay your Cook County property tax assessment appeals?
Friday, January 18, 2019
Daily Herald

Cook County offers $8.5 million in transportation grants
Friday, January 18, 2019
Chicago Tribune

It's time to talk about the way we choose judges
Friday, January 18, 2019
Crain's Chicago Business

Pritzker signs ‘long overdue’ gun dealer licensing bill, vows ‘more work to do’
Thursday, January 17, 2019
Chicago Sun-Times

Cook County Health Opens New Health Center in Arlington Heights
Thursday, January 17, 2019
Daily Herald

A look at other criminal cases where Cook County judges cleared Chicago cops
Thursday, January 17, 2019
Chicago Sun-Times

3 Chicago cops found not guilty in Laquan McDonald cover-up conspiracy case
Thursday, January 17, 2019
Chicago Sun-Times

Old Cook County Hospital on track to become next city landmark
Wednesday, January 16, 2019
Chicago Sun-Times

Glenview Tentatively OKs Opting Back Into County Minimum Wage, Sick Time Laws
Wednesday, January 16, 2019
Journal and Topics Online

Free Radioactive Radon Test Kits From Cook County
Tuesday, January 15, 2019
Special to suffredin.org

Toni Preckwinkle and county watchdog at odds over political travel reimbursements
Friday, January 11, 2019
Chicago Tribune

2 Cook County judges — one cleared of gun charge, one reassigned for anger management — to return to bench at criminal court
Thursday, January 10, 2019
Chicago Tribune

It's been a bad decade for property taxes
Wednesday, January 09, 2019
Crain's Chicago Business

Bond court reform has not put more violent offenders back on the street
Wednesday, January 09, 2019
Chicago Sun-Times

Glenview pushes minimum wage, paid sick leave discussion to next week
Tuesday, January 08, 2019
Chicago Tribune

How Fritz Kaegi Plans to Transform the Cook County Assessor’s Office
Friday, January 04, 2019
WTTW Chicago Tonight

Cook County Health recognizes Cervical Health Awareness Month
Friday, January 04, 2019
Special to suffredin.org

all news items

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