Michigan property tax reform shaped by 1993 shift
The piece reviews property tax politics across Michigan Illinois and Wisconsin and notes reforms since 1993 reduced local property tax reliance in Michigan boosting funding equity yet leaving Illinois and Wisconsin facing high real estate taxes. Experts warn broader tax shifts would be needed to cut dependence.
MENTIONED IN THIS ARTICLE
Michigan
Drake
Illinois
Wisconsin
Todd Berry
Wisconsin Taxpayers Association
Lawrence
Edgar
Chicago
JoAnn Brisard
Board of Review
Macon County
Steve Sandstrom
Taxpayers Federation of Illinois
Illinois income tax credit for homeowners in Southern Illinois
Property owners in Illinois may qualify for a 5 percent credit on state income taxes for real estate taxes paid on a principal residence. Credits exclude non principal properties and penalties or fees, and require ownership and payment of the property tax bill.
MENTIONED IN THIS ARTICLE
Southern Illinois
Illinois
Department of Revenue
Illinois Property Tax Exemptions Guide Summary
Illinois offers multiple property tax exemptions for home owners. Qualifying criteria include ownership and residence by January 1, age 65 for Homestead and Senior exemptions, income limits for Senior Freeze, and eligibility for Disabled Veterans, Home Improvement, and deferral programs. Applications and details are handled by county assessment offices and state agencies.
MENTIONED IN THIS ARTICLE
Supervisor of
Devaluation of Clinton nuclear plant hurts DeWitt County
A Lee Enterprises survey shows DeWitt County bears the heaviest real estate tax burden among 48 central and southern Illinois counties from 1991 to 2000 as the Clinton nuclear plant valuation falls. Total EAV dropped 43 percent from 1992 to 2000, with further declines through 2005 under an AmerGen agreement. Clinton School District faces up to $3.5 million revenue loss by 2005, prompting levy increases and cost cuts while county and college budgets shrink and fees rise to compensate.
MENTIONED IN THIS ARTICLE
Clinton
DeWitt County
Illinois
Lee Enterprises
AmerGen Energy Co
Exelon Nuclear
British Energy
Richland Community College
Roger Little
America
Little
Clinton School Board
Illinois State Board of Education
Roland Schumaker
Schumaker
Roger Massey
Massey
Edgar plan on school funding fails to pass in Illinois
In 1997 Gov. Jim Edgar backed a sweeping school funding reform paired with property tax relief. The plan would raise 1.45 billion annually via a 3.75 percent income tax and target relief to homeowners and farmers. Senate opposition led by James Philip blocked action, ending the effort. a smaller, cigarette and telecom tax package funded schools instead.
MENTIONED IN THIS ARTICLE
Springfield
Jim Edgar
Michael J. Madigan
Chicago
Edgar
University of Illinois
Stanley Ikenberry
Illinois
Daniels
DuPage County
Madigan
Senate
Downstate
Philip
Also Mentioned on This Page
Walworth
Jgtc.com
Illinois Department of Veterans Affairs
Senior Citizens
Iew.com
Grand Edgar
James “Pate
R-Wood Dale
House of Representatives
House
Lee A. Daniels
R-Elmhurst
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