County assessor asks for help on high property taxes
Clout St:
Cook County Assessor James Houlihan is asking state, county, city and suburban leaders to set aside funds to help lower-income homeowners pay their property taxes.
The assessor suggested today those leaders, many of whom are grappling with government budget woes, shift funds to back a "circuit breaker" program for people whose property taxes exceed 5 percent of their incomes.
"The taxpayers are streaming into our offices and they are frightened," Houlihan said. "They are worried about escalating property taxes when they see their home values are declining," he said. "They need immediate help."
The politics of property taxes in Cook County are as complex as the tax system. Each public official strives to be sympathetic while making sure taxpayers see the other politicians as more responsible for the problem.
CPR:
Cook County Assessor Jim Houlihan laid out a property tax rebate plan Monday morning. Houlihan was joined by Illinois State Senator Terry Link and Cook County Commissioner Forrest Claypool.
Then follow the CPR link and listen in on the press conference.
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