County Property Tax Overhaul Urged
(Chicago Sun Times) — Cook County’s mind-boggling property tax system should be simplified and made fairer, a taxpayer watchdog group argued in a report to be issued today. The nonpartisan Civic Federation said widely used tax breaks such as homestead exemptions should be reduced or eliminated. Tax relief for homeowners, the group said, could come through expanding a state “circuit breaker” program and limiting the benefit according to income. The federation said changes introduced into the property tax system over the years have hurt uniformity, resulting in similar types of properties in similar neighborhoods paying different taxation rates.
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