Property Tax Reform Past History
Before becoming the Manhattan Township Assessor during the 1980's I spent about four years lobbying for property tax reform. I favor a flat rate income tax to the real estate property tax. During that time I testified twice before the Illinois Senate Revenue Committee. Since property tax reform is a current topic because Market Value of homes continue to increase causing higher property taxes I decided to make available my testimony along with its supporting reference material.
Also there were two Illinois Senate bills proposed at that time introduced by former Illinois Senator George E. Sangmeister, 42nd District. Senate Bill 711 proposed a state wide advisory referendum asking the voters opinion of increasing the Illinois State Income Tax and reducing the property tax proportionately. Senate Bill 712 was the actual proposed bill to make this change in school funding. Senate Bill 711 made it to a third reading but was never voted on. Senate Bill 712 was held in committee and was placed in a subcommittee for further study.
Here is more information:
Read my position and comments on IDOR Position Paper, the Illinois Department of Revenue's suggested structure features and related problems for a local tax district income tax:
Sincerely,
Joseph R. Oldani, C.I.A.O. - I