Wednesday, April 24, 2013
New law increases senior homestead exemption and general homestead exemption.
Wednesday, April 24
Gov. Pat Quinn today signed legislation that will reduce property tax bills for seniors across Illinois. Senate Bill 1894 raises the senior homestead exemption from $4,000 to $5,000 – potentially saving seniors up to more than $200 annually. This new exemption for seniors takes effect for Cook County this year. All other counties will benefit from the increase beginning next year. “The new law will reduce property tax bills for seniors across Illinois,” Gov. Quinn said. “This boost in savings will relieve some of the financial burden faced by seniors and working families, and help ensure no one struggles to stay in their home.” Sponsored by Sen. Toi Hutchinson (D-Olympia Fields) and Rep. John Bradley (D-Marion), SB 1894 increases the …
Tuesday, April 2, 2013
Would an appeal to the Illinois Supreme Court help private North Shore golf clubs?
When the Illinois Appellate Court ruled last week private golf clubs’ improvements like the club house should be considered by the Township Assessor when calculating a property tax bill, the Onwentsia Club had two choices. The Lake Forest club can either end the litigation or appeal to the Illinois Supreme Court. A decision not to take action means the clubs will pay property taxes and the burden will not be shifted to neighboring businesses and residences. Earlier: Court: Onwentsia, Other Clubs Can’t Pass Tax Burden to Residents As people commenting on Patch’s story reporting the court decision took a variety of paths, we want to know what the readers think. Should there be an appeal? Readers see both sides of the discussion. “Big win for…
Friday, February 8, 2013
State senator is researching legislative action to require private golf clubs to pay real estate tax on their improvements. Patch poll shows overwhelming support for lawmaking.
State Sen. Julie Morrison (D-Deerfield) has decided to look at ways the Illinois General Assembly can require private golf clubs to pay property taxes on their improved real estate after learning of litigation winding its way through the court system which would allow an exemption. The issue came to light Jan. 30 when Patch published a story describing legal action brought by the Onwentsia Club of Lake Forest contending since its golf course is open land exempt from property taxes, its buildings like its club house should not be assessed either. Earlier: Should Legislature Require Taxes From Golf Clubs Since taxing authorities like school and park districts which rely on the revenue would have to either reduce their revenue or increase the…
Saturday, February 2, 2013
New Sweet Boutique, crimes and property taxes led the list.
The new year brought a variety of stories to Lake Forest-Lake Bluff Patch with articles about a new business, property taxes and crimes leading the way. Take a look at the list and click on the stories you want to read again. 1. Yogurt and Sweet Shop Fills Last Open Spot in Market Square 2. Bannockburn Police Blotter: Police Arrest Lake Forest Woman for DUI 3. Will All Lake Forest Pay Onwentsia’s Taxes? 4. Lake Forest Teen Cited for Underage Drinking 5. Man Arrested for Threatening Lake Forest Resident 6. Lake Forest Millionaire Sues Highland Park Restaurant 7. Lake Bluff Police Blotter: Crash Sends Person to Hospital and More 8. Lake Bluff Police Blotter: Police Arrest Police…
Wednesday, January 30, 2013
Pending court decision would take golf courses off tax roll and shift burden to all community taxpayers.
A property tax appeal by the Onwentsia Club could have far reaching effects on Lake County taxpayers and those in Lake Forest in particular as well as communities throughout the state. As the appeal stands, country club land, including improvements such as clubhouses, would be granted open space status and therefore would receive a zero assessment. “The public needs to know what benefits these organizations, country clubs, are getting. Should we be providing tax relief for them?” Lake County Assessor Martin Paulsen said. He said the ruling could result in a significant shift in the tax burden. The North Shore suburbs have numerous golf courses and country clubs including Conway Farms and Deerpath in Lake Forest in addition to Onwentsia as …
Friday, November 18, 2011
Appeals process has been streamlined.
Editor’s Note — This is the second story in a two-part series on property taxes in West Deerfield Township, which includes the southwest portion of Lake Forest. Help is available for people who want to reduce their property taxes and the place to start is with West Deerfield Assessor Tom Healy. Since there is only 30 days to file an appeal, taxpayers must respond by Nov. 28. And usually their first stop is at Healy’s West Deerfield Township office to pick up the necessary appeal. The paperwork can also be downloaded at www.lakecountyil.gov/boardofreview. “We have had a flood of calls in recent years complaining about rising property tax assessments and many who have appealed to the County Board of Review,” Healy said. “However, this …
Saturday, August 27, 2011
Numerous options are available for paying property taxes.
Saturday, August 27, 2011
The second installment of Lake County property taxes is due Tuesday, Sept. 6. A second bill will not be mailed to homeowners. Per Illinois Statute, any payment received after the due date must include a 1.5% monthly penalty. Options for payment include:
Thursday, December 16, 2010
Village Board approves ordinance for $3.5 million tax levy.
The Lake Bluff Village Board has approved an ordinance to request a property tax levy for just over $3.5 million for the current fiscal year. After a second reading of the ordinance at the board's meeting on Monday, it was approved unanimously by the trustees. For taxpayers, the village levy will mean an estimated tax bill increase at $92 on a $600,000 market value home, with the library levy increase estimated at $16 on the same home, according to the finance committee. The village levy request has increased by 3.22 percent from 2009, while the Lake Bluff Public Library request did not increase. Library Director Matt Womack said although building renovations are planned for Spring 2011, a levy increase from the past fiscal year was not …
Wednesday, November 24, 2010
Village Board approves first reading of $3.5 million tax levy for 2010.
The Village of Lake Bluff Finance Committee has recommended a village levy of just over $2.8 million for 2010. Combined with the public library levy, the total property tax levy for 2010 would be just over $3.5 million. The village board had its first reading of the levy ordinance at Monday night's meeting. The second reading will take place during the Dec. 13 meeting. For taxpayers, the village levy will mean an estimated tax bill increase at $92 on a $600,000 market value home, with the library levy increase estimated at $16 on the same home, according to the finance committee. Village of Lake Bluff Director of Finance Susan Griffin said the levy numbers are within the property tax cap of the state of Illinois. At $2,801,305, the …