Help Adam Freeze and/or Lower your property taxes
Right on the heels of a proposed 50% income tax increase, some in the General Assembly are trying to raise your property taxes as well! Did you know that there are currently two bills in the Illinois General Assembly (one in each house) that will allow local government(s) to increase your property taxes faster than currently allowable under the current "tax cap" law.
The House version, HB 2502, "amends the Property Tax Extension Limitation Law in the Property Tax Code. It Provides that the extension limitation may not be less than 2%. Effective immediately." The Senate version, SB 2126, does the same.
Adam believes that:
The Illinois property tax is our most opaque tax. Most citizens have difficulty coming to grips with the complex terms, methods of determination, and appeals process. Furthermore, since many taxing bodies are represented on the same property tax bill, there is a lack of fiscal accountability. Our objective is to create understanding through simplification and instill accountability through financial caps.
Limit the growth of property taxes. Local governments will have to reasonably spend and accurately budget. In non-home rule units of government, cap the aggregate extension for all taxing bodies to the increase/decrease in the Consumer Price Index (CPI), with no loopholes. Therefore, the total budget of all the taxing bodies within a district may only increase/decrease by the CPI.
All financial referendums which increase property taxes must be approved by voters on even numbered years in the November election. Mandate all units of local government become transparent with their financial information. Interestingly, private property taxpayers are transparent by virtue of public records. REFORM Tax Increment Financing (TIF) Districts. All new TIF districts and all new renewals must pass by referendum in the November election of even numbered years.
For more details on Adam's Plan to restrain property taxes in Illinois, go to Adam's Property Tax Page.
We need your help
As we are typing these words, Adam is running automated calls in some of the legislative districts of the sponsors of legislation that takes even more money out of your pocket. All too often, the people only learn of tax and spending increases after the legislation has already passed. With Adam working to inform them of this increase now, we have the opportunity to stop it from passing. Please help us help you!
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