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(The Center Square) – A bill filed at the Illinois Statehouse seeks to end property taxes for qualified taxpayers who live in and pay taxes on a residential home for at least 30 years. State Sen ...
Illinois residents will vote on a 3% tax for millionaires in November. The governor says the tax could generate $4.5 billion annually and alleviate high property taxes. Illinois has the second ...
(The Center Square) – Despite being criticized for being a waste of time, a new commission will be created Jan. 1 to evaluate Illinois’ property tax system. State Rep. Mary Beth Canty’s ...
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
The region has a civilian labor force of 7,866 with a participation rate of 57.8%. Of individuals 25 to 64 in the Marion city, IL, 30.1% have a bachelor's degree or higher. As of 2023Q4, total employment for the Marion city, IL was 18,253 (based on a four-quarter moving average). Over the year ending 2023Q4, employment increased 2.1% in the region.
SB 687 would have also changed the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%. [ b ] It would also have created a per-child tax credit of up to $100 for couples earning less than $100,000 and single persons earning less than $80,000.