News about taxes
While the governor’s office instructed its agency directors to prepare for $800 million in potential budget cuts last week, all facets of his plan to raise $1.1 billion in revenue to avoid those cuts remain under consideration.
Taxes are payable in two installments due on June 28 and Sept. 6, 2024.
McHenry County property tax bills are on the way, with a new look and options for payments.
Property tax revenues are expected to increase by almost 6% as part of the Oswego SD308’s budget for the new fiscal year, which starts July 1.
The tax was proposed by Kane County Board Chair Corinne Pierog to fill in a gap between revenue and spending in the county’s general fund.
The average Yorkville resident will see a rate increase of just under $10 per month during the next year.
Beginning May 1, taxpayers can visit the treasurer’s website to view and print duplicate bills.
Board action was prompted by what school district officials said is a need to revise its 2023 property tax levy to reflect a record number of home assessment appeals processed by the DeKalb County Clerk and Recorder’s Office
The DeKalb City Council this week approved a plan to lower its levy collection for 2023 property tax bills, an effort that city leaders said is meant to ease taxpayer burden after what officials said were a record number of property tax appeals this spring.
The property assessment equalization factor, often called the “multiplier,” is the method used to achieve uniform property assessments among counties, as required by law.
As the April 15 filing deadline approaches, the Internal Revenue Service reminds Illinois taxpayers how they can speed up potential tax refunds by preventing common errors on their federal tax returns.
Residents who were collectively overtaxed nearly $120,000 on their 2022 Sycamore property tax bills should expect a refund mailed to them this spring, Sycamore officials said on Thursday.
The village had implemented a 1 percent “places to eat” tax on prepared food and beverages as of Dec. 1, 2023 to provide part of the funding for a new police station.
Is your DeKalb County address correct for your tax bill? Have you moved in the last year? An incorrect mailing address could prevent you from receiving your tax bill and other important notices in a timely fashion.
The DeKalb School District 428 school board recently approved a request by the village of Malta to extend a tax increment financing (TIF) district by an additional 12 years.