-- Expanding the state's "circuit breaker" program to give more property tax relief to seniors and the needy.
-- Providing taxpayers with greater education about real estate sales and taxes.
One issue the panel singled out for further study: Reassessing properties annually, as opposed to triennially, so tax bills take into effect market forces such as the recent decline in home values.
Daley's $6 billion budget proposal for 2009 calls for raising many taxes and fees, but the city will not increase the property tax, which was boosted a record amount a year ago. The City Council is expected to adopt the budget on Wednesday.
Dispatches from Chicago's south side.
Wednesday, November 19, 2008
Panel seeks property tax changes
Tribune has news on proposals made by Mayor Daley yesterday:
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