1999 Articles

Chicago’s Business Taxpayers Assistance Ordinance: Chicago enacts its version of a Taxpayer Bill of Rights By Stanley R. Kaminski July 1999 On May 12, 1999, the Chicago Business Taxpayers Assistance Ordinance was passed by the Chicago City Council.

Chicago’s smorgasbord of taxes March 1999 A new client enters your office stating their desire to open a new five-star hotel on the lakefront of downtown Chicago and wants you to handle any and all Chicago tax compliance issues.

Cook County Assessor’s Office assessment notice mailing dates July 1999 The 1999 assessment notices for the first 16 townships will be mailed in accordance with the following schedule.

The cost approach The lost approach to value By Thomas A. Jaconetty August 1999 For real property valuation, the cost approach rests upon an assumption that a prospective purchaser "would not pay more for a piece of property than it would cost to construct an equivalent piece of property."

Editor’s note: New publication March 1999 Illinois tax practitioners will want to examine a Research Institute of America publication, "Illinois Tax Handbook." Its author, Mr. Stanley R. Kaminski, is secretary of the State and Local Taxation Section Council. The

Editors’ notes February 1999 Recently, the mayor of the city of Chicago, Richard M. Daley, and the Cook County assessor, James Houlihan, sponsored a program to provide homeowners, who are on low-income budgets, assistance in financing the payment of their real estate taxes.

Effective tax rates and estimated 1996 property taxes (collected in 1997) on a $100,000 home in 59 Illinois cities August 1999

Excerpts of minutes of section council meetings February 1999 The new officers of the section council were introduced. The new officers were: Sean Fitzgerald (chairman), Joanne Elliott (vice chairman), and Stanley Kaminski (secretary).

Property Tax Appeal Board news By James W. Chipman February 1999 On September 2, 1998, the Property Tax Appeal Board (board) adopted a new rule regarding the appropriate level of assessments to be applied by the board in appeals involving the major Cook County property classes.

Raising local taxes: Turf wars resulting from dual taxation—round two By Alexander P. White August 1999 The April 1998 issue of Tax Trends, Vol. 41, No. 6, included the article "Raising local taxes: Turf wars resulting from dual taxation," which reviewed an Illinois Appellate Court decision which declared the trial judge incorrectly held unconstitutional a village of Rosemont ordinance prohibiting the collection of Cook County's amusement tax at village facilities

A review of the 18th Annual Conference of the National Conference of State Tax Judges By Alexander P. White February 1999 The 18th Annual State and Local Taxation Conference of the National Conference of State Tax Judges (NCSTJ) convened on September 10, 1998, in Cambridge, Massachusetts.

Tax board’s “token assessment” of a building under construction is proper By Joanne P. Elliott August 1999 Issue: Did the Property Tax Appeal Board properly assess a new, partially completed building, even though the building was not occupied until a year later?