News about taxes
The news sent shockwaves through Italy, where 13 producers would be subject to the whopping one-two punch. They say sales in their second biggest export market would shrivel if prices to American consumers more than double
The Yorkville School District 115 approved its 2025 tentative tax levy. As housing values continue rising in the area, here's how the proposed 3.86% school levy rate increase will balance out on your property bills.
The Coal City Unit 1 School District yet again has filed a complaint with the Grundy County Tax Assessor's office over the valuation of GE Hitachi's Morris operation, a one-of-a-kind nuclear waste storage facility.
The proposed 2025 property tax rate is 82.42 cents per $100 of equalized assessed value, an increase from the 2024 rate of 79.46 cents.
DeKalb city leaders propose $8.9 million tax levy ahead of final vote on Nov. 24.
The owner of Kankakee's latest restaurant addition, the New York City Deli, is targeting an April opening, however, much site work will first be in order.
The highly anticipated members-only shopping warehouse is already creating a large footprint in the Yorkville community.
The official estimate for St. Charles’ 2025 tax levy was passed by city council on Nov. 3. Here’e a look at how it will hit your pocketbooks and help fund the city.
Manteno could soon collect short-term rental tax of 5% as it already does on its two hotels.
The Joliet City Council will vote on the levy in December on a proposed $54.5 million property tax levy.
From Capitol News Illinois: Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue
An estimated $7.9 million tentative property tax levy was approved by the DeKalb Park Board, though the public still has a chance to weigh in before a final vote. The increased levy is needed for operating expenses, executive director Paul Zepezauer said.
As the DeKalb City Council considers this year's property tax levy options, residents can weigh in before a final vote expected in November. Here's what your bill could look like under the current proposal
While nothing is yet official, some taxpayers could pay less to the Sycamore Community School District 427 on their next property tax bill than they did this year, according to district documents.
From Capitol News Illinois: The plan calls for raising the existing Regional Transportation Authority sales tax by 0.25 percentage points, to 1% in Lake, McHenry, Kane, DuPage and Will counties and 1.25% in Cook County
From Capitol News Illinois: Speaking at an event Wednesday morning in Taylorville where he met with Illinois farmers, Pritzker declared an amendment to Senate Bill 2111 dead before it could even be called for a hearing in a House committee
From Capitol News Illinois: Two key negotiators on public transit reform in the Illinois House filed a bill Tuesday to raise up to $2 billion for public transit by taxing entertainment and the unrealized investment gains of billionaires
Concerns have been raised regarding the timeliness of the completion of a forensic audit set to look into Kankakee School District 111's spending on its former Youth Empowerment Program. Former superintendent Genevra Walters is among those seeking answers.
Village of Sugar Grove attorneys are asking a judge to dismiss Kaneland District 302's lawsuit to stop the 760-acre Crown Development tax increment finance district.
McHenry County officials still are looking for ways to cut expenses and increase revenue as the County Board gets ready to vote on next year’s budget and a proposed property tax levy increase.
McHenry’s City Council took its first step this week toward adding two Tax Increment Finance districts.
Facing financial pressures – and vows to voters just last year – county board members are debating whether and how much to raise the property tax levy and cut spending.
The Illinois General Assembly is expected to address transit funding, energy, grid reform and property insurance, among other issues, during its fall veto session.
The McHenry County Board will consider whether to reset its property tax levy to what it was before voters signed off on a sales tax increase to fund the Mental Health Board.
From Capitol News Illinois: The tax documents show Pritzker won $1.4 million from gambling, which he said happened while playing cards at a Las Vegas casino
The owner of the Aspen Ridge Golf Course is seeking a repeal of the just-implemented 5% entertainment tax in Bradley.
The property assessment equalization factor, commonly called the “multiplier,” is used to ensure uniform property assessments among Illinois counties, as required by state law.
From Capitol News Illinois: The biggest unknown for a bill on electric utilities is whether it will include direct regulations on data centers’ use of electricity, something House Speaker Chris Welch said is possible
The Chicago Bears are poised to move to the suburbs. But are Illinois lawmakers – and local taxpayers – going to help them do it?
From Capitol News Illinois: State spending likely to increase significantly in coming years as Medicaid, SNAP requirements set in
Kankakee County continues to experience growth in tourism with about 10% of the local economy fueled by visitors.
Fox River Grove will lower its electricity surcharge and cable television taxes for its residents after passing a 1% sales tax.
The phishing scheme involves text messages claiming that a tax refund has been processed and asking for banking information under the threat of losing their refund.
"I think the thing we talk about that kind of overarches everything right now is farm income. We’re very concerned as we continue to read the economic reports coming out of the University of Illinois." Brian Duncan, Illinois Farm Bureau president, said
Dixon School Board has approved a $1.7 million deficit budget for fiscal 2026, mainly due to a $4.6 million drop in federal funding. The district is exploring cost-saving measures but won’t cut staff this year.
On Jan. 1, 2026, Johnsburg will begin charging an additional 1/2% sales tax, bringing the village tax to 1% and its total sales tax to 8.25%
Sycamore’s fiscal 2026 budget could be $700,000 more than 2025, the city's top official told the City Council this month. City Manager Michael Hall said the proposal would come without a property tax raise, however.
The factor being assigned is for 2025 taxes, payable in 2026. Last year’s equalization factor also was 1.0000.
District 115 Superintendent Matt Zediker gave a presentation on the district’s progress. “Today is about strengthening the connection that our district has with our community and our business community,” he said.
The Johnsburg Village Board on Tuesday decided to hold off on a vote to increase its sales tax, eyeing potential special tax district
President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1
The Kankakee County treasurer's office has set deadline for bids on properties with delinquent real estate taxes.
With low commodity prices, high input costs, weather, taxes, personnel and other concerns, farmers and ranchers face a myriad of stresses in their lives – and free resources are available to help get through those tough times.
For the fifth year, the Bradley Village Board will rebate its portion of property taxes to owners.
Coloma Township officials also are looking into buying a new building and moving township operations.
Following suit of numerous municipalities across Illinois, the Momence City Council recently approved the 1% grocery tax.
Oswego will implement its own grocery tax in light of the state’s 1% grocery tax expiring on Jan. 1 of next year.
The event will take place noon to 2 p.m. Sept. 30 at Silver Cross Hospital Conference Center, 1890 Silver Cross Blvd., in New Lenox.
Lake in the Hills has raised its local cannabis dispensary tax from 2% to 3%, the most allowed under state law.
The city of St. Charles could impose new regulations and fees for AirBnbs, Vrbos and other short-term rentals that are currently unregulated within city limits.