Help coming for struggling homeowners as Pappas initiative leads to historic reform of Illinois' property tax law
Retrieved on:
Thursday, May 25, 2023
The legislation would cut in half the onerous interest rate charged in Cook County for late property tax payments.
Key Points:
- The legislation would cut in half the onerous interest rate charged in Cook County for late property tax payments.
- "This is without a doubt, the biggest property tax reform legislation Illinois has had in decades," Pappas said.
- The property tax reform legislation was drafted by Pappas' office following the release of the two studies by her research team last year.
- Pappas put the team together nearly two years ago to investigate flaws and inequities in the sprawling and complex property tax system.