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Tax Levy Property Tax

Farrell Fritz, P.C.

2026 Property Tax Levy Growth Cap Remains at 2%

Farrell Fritz, P.C. on

New York State Comptroller, Thomas P. DiNapoli, recently announced that the 2026 property tax levy increases will be capped at 2%.  The 2% limitation affects local governments including counties, towns, fire districts, 44...more

Farrell Fritz, P.C.

Annual Property Tax Report Cards – $3.64 Billion in School District Cash Reserves

Farrell Fritz, P.C. on

In May, the annual New York State Property Tax Report Cards for School Districts were released by the Department of Education.  The report cards include estimates of fiscal reserves that each school district expects to have...more

Bricker Graydon LLP

HB 140: Ballot education = imperative

Bricker Graydon LLP on

HB 140 will be effective for the May 5, 2023 election, a special election since an odd-numbered year. Accordingly, it is not a popular ballot choice due to cost. Nevertheless, districts need to be mindful well in advance of...more

Franczek P.C.

Governor signs Refund Recapture Bill into Law

Franczek P.C. on

On Friday Governor Pritzker signed into law Public Act 102-0519 (Senate Bill 508) creating Section 18-233 of the Property Tax Code, which implements an automatic levy increase to be applied by county tax extension officials...more

Franczek P.C.

Cook County to Activate 2011 to 2014 Tax Rate Objections and Send Notices to Taxing Agencies Electronically

Franczek P.C. on

In the next few weeks, Cook County school districts and other taxing agencies will be receiving notices from the State’s Attorney’s Office that the tax rate objection complaints for the 2011 to 2014 tax years are being...more

Franczek P.C.

Appellate Court Clarifies Truth in Taxation Law

Franczek P.C. on

Last week the Illinois Appellate Court ruled that the Truth in Taxation Law does not require a taxing district to document its estimated property tax levy and that a public hearing is not required if a proposed levy is less...more

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