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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.
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...
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 ...
The One North LaSalle Building or One LaSalle Street Building is a building in the LaSalle Street corridor in the Loop community area of Chicago managed by MB Real Estate. It was for some time one of Chicago's tallest buildings. Built in 1930 by architects Vitzthum & Burns, it replaces the Tacoma Building by Holabird & Roche. [1]
Harrison Street Real Estate Capital, which uses the trade name Harrison Street, is a real estate investment firm headquartered in Chicago, Illinois. The firm is currently the alternative real assets arm of Colliers International. In 2024, Harrison Street ranks as one of the top five owners in senior housing in the U.S. [2]
Chicago Lawyers' Committee For Civil Rights Under Law v. Craigslist, 519 F.3d 666 (7th Cir. 2008), [1] is a Seventh Circuit decision affirming a lower court ruling that Section 230 of the Communications Decency Act (CDA) provides immunity to Internet service providers that "publish" classified ads that violate the Fair Housing Act (FHA).
On July 22, 2008, the Cook County board voted against Cook County Commissioner's proposal to repeal the tax increase. [31] In 2016, Cook County joined Chicago in adopting a $13 hourly minimum wage. [32] Cook County Board chairman John Daley called the wage hike "the moral and right thing to do."