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Property tax data can aid school districts in budgeting and levying

Franczek Radelet PC
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USA
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February 26 2013

There are a number of little known sources of data that can assist school districts in their financial planning and public relations efforts. This

Property taxes impacting ballot access and FOIA requests

Franczek Radelet PC
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USA
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October 31 2012

Issues related to property taxes extend beyond levies, collections, assessment appeals and refunds

New study shows declines in TIF revenues

Franczek Radelet PC
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USA
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July 19 2012

Tax Increment Financing (TIF) Districts throughout Illinois are experiencing declines in revenues as a consequence of the changes in the real estate market

Cook County aggregate assessed values continue to decline with residential assessments leading the way

Franczek Radelet PC
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USA
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July 9 2012

With second installment property tax bills arriving in mailboxes, the Final Abstract of 2011 Assessment is now available

Voluntary payments in lieu of taxes a growing trend nationwide

Franczek Radelet PC
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USA
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May 7 2012

As local governments continue to search for additional sources of revenue in times of fiscal uncertainty, a little-known but long-standing mechanism is getting renewed attention

Appellate court reaffirms exhaustion of remedies doctrine in assessment cases

Franczek Radelet PC
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USA
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April 4 2012

Tax objection complaints can be brought in any Illinois circuit court to challenge the taxes, assessments, or levies on a parcel of real property

Governor lifts moratorium on hospital property tax exemption decisions

Franczek Radelet PC
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USA
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March 27 2012

Since 2010, when the Illinois Supreme Court upheld the revocation of a property tax exemption for a hospital on the grounds that an insufficient amount of charitable medical care was being provided, we have been monitoring and reporting developments in this area of the law that has significant revenue implications for school districts

Illinois Appellate Court upholds denial of religious property tax exemption

Franczek Radelet PC
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USA
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August 24 2011

In Armenian Church of Lake Bluff v. Department of Revenue, the First District Appellate Court upheld the denial of a property tax exemption for a 5-acre property on the shore of Lake Michigan improved with a single family residence that the owners claimed was the parsonage and cathedral of a church they created

Final 2010 Cook County equalization factor released

Franczek Radelet PC
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USA
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August 10 2011

Today the Illinois Department of Revenue released the final 2010 Cook County equalization factor

Appellate Court clears the way for improvements at a golf course to receive favorable “open space” designation

Franczek Radelet PC
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USA
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August 10 2011

The Second District Appellate Court recently addressed whether buildings, structures, and improvements at a golf club should be considered “open space” for property tax assessment purposes