Transparency for property taxpayers

Senate Bill 1072, sponsored by Sen. Dan McConchie (R-Hawthorn Woods), requires local property tax bills to clearly indicate when a local taxing body chooses not to collect the full amount of property taxes for that year, giving taxpayers the opportunity to clearly see which units of government are returning their hard-earned money. The proposal requires every property tax bill to list the total dollar amount that would have been due if no decrease was given, the dollar amount of any “abatement” or tax reduction, and the total reduced tax bill that is actually due.

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