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Property Tax State Taxes Illinois

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor May 5, 2025

Cozen O'Connor on

Revenue warning signs flash as Springfield preps for budget talks - “Already there are signs that Gov. JB Pritzker’s budget plan announced in February, which projected $55.4 billion in revenue, was optimistic. The...more

Franczek P.C.

Illinois Dept. of Revenue Releases Final 2021 Cook County Equalization Factor

Franczek P.C. on

On Tuesday, the Illinois Department of Revenue released the final 2021 Cook County equalization factor.  The factor (sometimes referred to as the multiplier) for 2021 is 3.0027.  The tentative factor released in June was...more

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