real estate taxes

Senior property tax exemption applications due Feb. 7

Senior citizens have until Feb. 7 to file their annual renewal for the Senior and Senior Freeze Exemptions on their 2017 property taxes.

The Senior Exemption application is part of a booklet sent to eligible seniors. The booklet also contains the separate, income-based Senior Freeze Exemption application.
To qualify for the Senior Citizen Exemption, a taxpayer must have: 
  • A birthdate in or prior to 1952 

H-F home values rebounding from recession, county assessment shows

Property assessments, calculated every three years for tax purposes, are on the rise in the Homewood-Flossmoor area. For some residents, higher property assessments may be a reason to grumble. After all, an increased assessment might point toward higher property taxes. But government officials, on both the county and local level, say otherwise. For them, higher property assessments reflect higher market prices for homes and are a positive sign that the local economy is improving.

Homewood schools set tax levy at $14.4 million

Homewood School District 153 approved its 2017 tax levy of $14.4 million at the Dec. 11 board of education meeting.
The district expects to collect an additional $400,000 over last year’s receipts.  It is holding the increase within the required tax cap limitations. The amount stays within the 2.1 percent Consumer Price Index limit and allows for some new property that will be on the tax rolls, said John Gibson, the chief school finance officer.

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The HF Chronicle
P.O. Box 461
Flossmoor, IL 60422