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The Association of Real Estate Taxpayers (ARET) was an organization of real-estate taxpayers in Chicago and Cook County, Illinois. Between 1931 and 1933, it organized one of the largest tax strikes in American history. The group had been founded in 1930 by several wealthy real-estate owners.
The most populous of these is Cook County, the second-most populous county in the United States and the home of Chicago, while the least populous is Hardin County. The largest by land area is McLean County, while the smallest is Putnam County. Illinois's FIPS state code is 17 and its postal abbreviation is IL.
The property tax is a local tax, imposed by counties, townships, municipalities, school districts, and special taxation districts. The property tax in Illinois is imposed only on real property . [ 5 ] [ 6 ] [ 7 ] Illinois counties, townships, cities, and villages may also promulgate local ordinances .
Cook County is the fifth-largest employer in Chicago. [29] In March 2008, the County Board increased the sales tax by one percent to 1.75 percent. This followed a quarter-cent increase in mass transit taxes. In Chicago, the rate increased to 10.25 percent, the steepest nominal rate of any major metropolitan area in America.
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In Cook County, which includes Chicago and its suburbs, property taxes are due twice a year. Taxes not paid by the first due date in March are considered "delinquent," and interest begins to accrue.
The village is generally considered part of the Chicago area's North Shore region. The Friedman house by Frank Lloyd Wright is located in Bannockburn. Bannockburn was founded by Scottish real estate developer William Aitken, who planned a community of "country estates" on 110 acres (0.45 km 2 ) in inland Lake County.
The Cook County Tax Assessor’s Office has reportedly miscalculated land values for over 4,400 homes. Chicago homeowner stunned after getting a notice that his property taxes skyrocketed from ...