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County treasurer reports passage of property tax reform law

Cook County Treasurer Maria Pappas announce April 24 the passage of legislation that would help homeowners who fall behind on their property taxes and close loopholes tax investors have exploited at the expense of local governments.

State Sen. Ram Villivalam and state Rep. Kam Buckner, both Chicago Democrats, were original sponsors of the Property Tax Equity legislation.

The legislation would cut in half the aggressive interest rate charged in Cook County for late property tax…

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