A federal judge said he isn’t allowed to take jurisdiction over a lawsuit in which Cook County property owners claimed their property tax bills were falsely inflated so other properties could be underassessed and pay less.
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New law would require landlords in Cook County, possibly elsewhere in IL, to give financial data to tax assessors
If a Democrat-sponsored bill passes in Springfield, owners of countless rental properties in Cook County and potentially elsewhere in Illinois will have to turn over the property's financial records every year to their county assessor's office for tax calculation.
Two Chicago-based housing assistance organizations have won the right to continue, for now, with a lawsuit against the Cook County Assessor’s office for past property tax assessment practices they claim discriminated against black and Hispanic homeowners, particularly in Chicago.