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Tax data collection bill passes Illinois Senate

A legislative reform package designed to improve property assessment data collection passed the Illinois Senate on April 4 and has moved to the Illinois House Rules Committee. 
“Property taxes are something that every politician from both sides of the aisle talks about, but little is done to actually reform the system,” said legislation sponsor Sen. Toi Hutchinson, D-Chicago Heights. 
“Today we have a chance to take a step in the right direction that will increase tax assessment accuracy and transparency for property owners and go a long way towards bringing fairness to homeowners in the South Suburbs and across the state,” she said.
Hutchinson’s proposal, part of Senate Bill 1379, represents a comprehensive set of reforms to Cook County’s property tax system. While the proposal would only apply to Cook County, all Illinois counties would have the ability to adopt the requirements.
The bill would improve data collection by giving the Cook County Assessor’s Office the ability to collect operating income and expense data to more accurately deliver property assessments. The change would bring Cook County and Illinois in line with professional practices in other states and cities, including Washington D.C., Boston and Seattle.
Hutchinson teamed with Cook County Assessor Fritz Kaegi on the measure.
“I’m thrilled the Illinois Senate overwhelmingly supported this important property tax reform measure,” Kaegi said. “Using improved data will help eliminate uncertainty and hidden costs in the current system, support institutional investment and create predictability for municipalities and school districts.”

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