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Chicago’s commercial ‘doom-loop’ could result in a property tax hike on homeowners as large as 22%
WirepointsMayo 23, 2023El Instituto Lincoln en las noticias -
Improving Tax Increment Financing (TIF) for Economic Development
Resúmenes de políticas públicasFebrero 2019David MerrimanTax increment financing (TIF) is a popular economic development tool across the United States, but it often falls short of its promise to revitalize struggling neighborhoods. In this four-page Policy...
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Property Taxation in Illinois
A Framework for ReformDocumentos de trabajoJulio 2008Nathan B. Anderson and Therese McGuireIllinois is one of 23 states that limit both local property tax rates and property tax revenues. Because of its importance to local government finance, reforms of the Illinois property tax system are...
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An Unfettered Property Tax in Illinois
Documentos de trabajoDiciembre 2007Nathan B. Anderson and Therese McGuireWe evaluate property tax systems using the economic criteria of equity, efficiency and simplicity. We apply these criteria in an evaluation of both a stylized constrained property tax system in which...
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Ask and Ye Shall Receive?
Predicting the Successful Appeal of Property Tax AssessmentsDocumentos de trabajoFebrero 2006Rachel N. Weber and Daniel P. McMillenHow does the relative lack of comparable sales in a neighborhood influence the frequency of property assessment appeal applications and their likelihood of success? Using a data set of appeals...
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Valuing Land and Improvements in Thin Markets
Does the Frequency of Sales Cause Property Tax Inequities?Documentos de trabajoMayo 2006Rachel N. Weber and Daniel P. McMillenFew studies have attempted to explain the well-documented tendency for lower-priced properties to receive higher assessment. We argue that the absence of market information and the assessor’s...
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The Impact of Property Taxes and Property Tax Classification on Business Activity
Documentos de trabajoEnero 1999Richard F. Dye, Therese McGuire, and David MerrimanWe investigate the extent to which Chicago’s unusual system of property taxation, whereby commercial and industrial property is “classified” and assessed at a higher rate in Cook...
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Land Lines, January 2000
Revista Land LinesEnero 2000Edited by Ann LeRoyerThis issue explores the public debate surrounding land market regulation policies in Chile as well as shortcomings of, and recommendations for, the property tax classification system in Chicago and...
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What's Making Development Work for Chicago's 9th Ward
Next CityAbril 11, 2019El Instituto Lincoln en las noticias -
TIF at a Turning Point
Defining Debt DownDocumentos de trabajoMayo 2011Tax increment financing (TIF) is the most important fiscal instrument for local development initiatives in this country. However, in many cases its growth has been accompanied by “moral hazard...
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