Ares Dalianis

Ares Dalianis

Franczek Radelet P.C.

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Change in Illinois Property Tax Code Establishes Waiver Distribution Payments

Taxing districts in Cook County may see a slight increase in the funds they receive because of a new type of collection referred to as an Exemption Waiver Distribution. This new collection was established by an amendment to...more

2/23/2015 - Amended Legislation Homestead Exemption Property Tax Tax Revenues

2015 Property Tax Levies Will Be Limited to 0.8% Growth

Last week the U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) for All Urban Consumers that will be used in the PTELL limiting rate calculations for 2015 property tax levies collected in 2016. The 2015...more

1/22/2015 - Bureau of Labor Statistics Consumer Price Index Property Tax School Districts

PTAB Issues Decision in Long-Running Open Space Assessment Battle

The Illinois Property Tax Appeal Board (PTAB) recently issued a decision finding that the clubhouse, parking lot, swimming pool, and tennis courts at a golf club are not entitled to favorable treatment as open space. The...more

11/20/2014 - Appeals Open Space Property Tax Tax Assessment

Community College Allowed to Proceed with Complaint of Over Abatement of Property Taxes

The Illinois Appellate Court recently allowed Illinois Valley Community College District No. 513 and several county governments to proceed with a complaint challenging the administration of a property tax abatement. At issue...more

10/27/2014 - Colleges Community Colleges Property Tax Tax Abatement

New Study Shows Substantial Growth in Effective Tax Rates for Residential Properties

As school districts and other public bodies enter the 2014 levy season, a new study from the Civic Federation of Chicago provides further evidence that the tax burden in suburban Cook County has shifted from commercial and...more

10/13/2014 - Property Tax

Cook County Property Tax Incentives Continue to Expand

Cook County continues to increase the number of commercial and industrial properties eligible for reduced property tax assessments. Recently, the County amended the Real Property Assessment Classification Ordinance to add the...more

9/9/2014 - Commercial Real Estate Market Economic Development Local Ordinance Property Tax Tax Assessment Tax Revenues

Cook County Assessed Values Continue to Decline

For the sixth year in a row we have obtained and analyzed assessment abstract data from the Cook County Assessor’s Office. In each tax year since 2008 the County’s total assessed value has declined. The data from 2013, the...more

8/28/2014 - Property Tax Tax Assessment

New Law Changes Property Tax Assessments on Leasehold Interests at Military Bases

The leasing of government-owned, tax-exempt property can raise many policy questions for local assessing officials. Some of those questions are answered by specific provisions in the Property Tax Code. Other questions have...more

6/12/2014 - Government Land Property Tax Tax Exemptions

Continuing Care Retirement Community Denied Property Tax Exemption

The Illinois Appellate Court recently upheld the denial of a property tax exemption on both charitable and religious grounds for the Meridian Village continuing care retirement community (CCRC) in Glen Carbon. A CCRC provides...more

4/7/2014 - Exempt Organizations Nursing Homes Property Tax Tax Exemptions

Illinois Appellate Court Dismisses Assessment Challenge Seeking Writ Of Mandamus

The Illinois Appellate Court recently dismissed a petition for a writ of mandamus in which the plaintiffs challenged the legality of taxes assessed on their property. In Dumas v. Pappas, the Court addressed the proper path...more

3/20/2014 - Property Tax Tax Assessment Writ of Mandamus

Peotone Airport Legislation Contains Significant Changes To Property Tax Code

When Governor Quinn signed P.A. 98-109 into law, media reports focused on the legislation pushing forward a Peotone airport, but the 371 pages of legislation also contain a number of other changes. ...more

8/12/2013 - Airports New Legislation Pat Quinn Property Tax

Cook County Assessed Values Continue To Decline For Fourth Straight Year

As Cook County taxpayers receive their second installment 2012 property tax bills, the final assessment abstract for Cook County reveals a source of the higher tax rates they will see, the continuing decline of the property...more

7/1/2013 - Property Tax Tax Assessment

Property Tax Data Can Aid School Districts In Budgeting And Levying

There are a number of little known sources of data that can assist school districts in their financial planning and public relations efforts. This information is available from local officials and State agencies as well as...more

2/26/2013 - County Assessors Department of Revenue Financial Planning Nonprofit Research Organizations Property Tax School Districts

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