Skip to content
  • Subscribe
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Email
  • Home
  • News
  • Opinion
  • Entertainment
  • Features
  • Advertise
  • Subscribe to Ray’s Columns
Suburban Chicagoland

Suburban Chicagoland

Original News, Features & Opinion on local and regional news you won't find anywhere else

  • About
    • About
    • Advertise
    • Our Writers
      • Ray Hanania
      • Bill Lipinski
      • Biography: Aaron Hanania
      • Steve Metsch
      • Steve Neuhaus
    • Terms of Service
    • Privacy Policy
    • Reach Out
  • Sections
    • Events
    • Opinion
    • News
    • Features
    • Seniors
    • Comic Strip
  • Library
    • “MIdnight Flight” Online Book
      • Midnight Flight Book Overview
      • Midnight Flight Introduction
      • Midnight Flight Chapter 1
      • Midnight Flight Chapter 2
      • Midnight Flight Chapter 3
      • Midnight Flight Chapter 4
      • Midnight Flight Chapter 5
      • Midnight Flight Chapter 6
      • Midnight Flight Chapter 7
      • Midnight Flight Chapter 8
      • Midnight Flight Chapter 9
      • Midnight Flight Chapter 10
      • Midnight Flight Chapter 11
      • Midnight Flight Chapter 12
      • Midnight Flight Chapter 13
    • Villages, Cities & Towns
    • Federal Office Holders
    • County Officials
    • Legislators
  • Subscribe to Ray’s Columns
  • Comment
  • Podcast
    • Ray Hanania on Politics
    • Two Guys on Politics
    • Hanania on Tiktok
  • News Wire
  • Toggle search form
  • Andrew Boutros US Attorney Illinois
    Former Chicago Attorney Sentenced to Two and a Half Years in Federal Prison for Tax Fraud and Witness Tampering Crime
  • Cook County Commissioner Frank Aguilar with Chicago region veterans. No one supports veterans more than Aguilar
    Cook County Commissioner Frank Aguilar honors veterans at first of monthly VetConnect Workshops at district office Cook County
  • Coffee & Conversation for the public on Wednesday, Sept. 24, 2025, featuring two speakers who will address individual fatigue and how to empower your personal health and activism.
    Orland Fire hosts Coffee & Conversation on individual fatigue and personal health Events
  • Andrew Boutros US Attorney Illinois
    Man Sentenced to a Year and a Half in Federal Prison for Covid-Relief Fraud Crime
  • Photo submitted by Jeffery M. Leving and Associates
    Leving team protected dad’s daughter from danger and restored his peace of mind Chicago
  • 05-23-25 Jeffery M. Leving
    Children of divorce caught in the middle during the holidays Blogger
  • Muslim prayer tent, O'Hare Airport Uber/Lyft Staging Area
    O’Hare Officials say they will pursue “more permanent solutions” for Muslim prayer Tent Chicago
  • Cook County Commissioner Frank Aguilar
    Cook County Commissioner Frank Aguilar Gives Update on His Work to Support Victims of July Floods in Cook County’s 16th District Cook County
  • Adel and Omar Nofal Eagle scouts, the 224th and 225th Eagle Scouts in Troop 318’s 87-year history
    Twin Brothers from Orland Park’s Troop 318 Achieve Scouting’s Highest Honor: Eagle Scout Government
  • Andrew Boutros US Attorney Illinois
    United States Attorney’s Office in Chicago Creates New Section to Prosecute Criminal Healthcare Fraud Violations Business
  • Cook County Treasurer Maria Papas
    Don’t Pay for What You Can Get for Free: How to Claim Your Property Tax Refunds  Cook County
  • 05-23-25 Jeffery M. Leving
    Dad reunited with grieving children after tragic death of mother Dads' Rights
  • Arthur Kallow CLE August 20 2025
    Leving Matrimonial Law Seminar to Address Complex Litigation Motions and Exceptions to the Hearsay Rule Arthur Kallow
  • Orland Park Mayor Jim Dodge
    Village of Orland Park Receives Clean Audit Opinion for Fiscal Year 2024 Government
  • US Congressman Mike Quigley, who represents the 5th Congressional District in Illinois and serves as the Congressional Ukraine Caucus.
    Congressmen slam President Trump’s meeting on Ukraine with accused war criminal Putin breaking news
Cook County Treasurer Maria Pappas. Photo courtesy of the Cook County government

Maria Pappas applauds passage of historic property tax reform law cutting the interest on late taxes

Posted on August 12, 2023August 12, 2023 By Ray Hanania No Comments on Maria Pappas applauds passage of historic property tax reform law cutting the interest on late taxes
SHARE THIS STORY
            
 
  

Maria Pappas applauds passage of historic property tax reform law cutting the interest on late taxes

Illinois Gov. J.B. Pritzker on Friday signed into law historic reforms to fix long-standing racial inequities and abuses in the state’s property tax system spotlighted in two studies issued last year by Cook County Treasurer Maria Pappas.

Pappas’ property tax equity legislation will help Cook County property owners who fall behind on their taxes by slashing in half interest rates on late payments — from 18% to 9% per year.

The reduction will save homeowners and businesses $25 million to $35 million a year, with most savings realized in Black and Latino communities.

The reforms, the state’s most significant changes to its property tax code in decades, also were backed by the Chicago Community Trust, one of the nation’s oldest and largest community foundations.

Cook County Treasurer Maria Pappas. Photo courtesy of the Cook County government
Cook County Treasurer Maria Pappas. Photo courtesy of the Cook County government

“We applaud Governor Pritzker for signing this sweeping bill into law,” Pappas said.

 

“We expect this law will rebalance the property tax system in favor of residents and local governments. It’s a step toward greater equity and will prevent millions of dollars of generational wealth from being stripped from Black and Latino communities.”

In addition to cutting the interest rate, the new law:

  • • Permits counties to use new tools to put chronically tax delinquent properties into the hands of municipalities, local developers and nonprofit organizations so the properties may be more quickly rehabilitated.
  • • Closes loopholes that have allowed tax buyers — mostly hedge funds, private equity firms and lawyers — to drain $40 million each year from governments serving mostly Black and Latino residents.

“We thank the Chicago Community Trust for partnering with us both to craft the legislation and to ensure its passage,” Pappas said. “Cook County Board President Toni Preckwinkle’s support helped make this possible. Senator Ram Villivalam and Representative Kam Buckner were instrumental as original sponsors of the legislation and in guiding it through the General Assembly. It was a total team effort.”

Pappas’ office began drafting the legislation following the release of two studies by her research team, “How Wealthy Investors are Making Millions Exploiting Illinois’ Property Tax Law” and “Maps of Inequality.”

You can read those studies at www.cookcountytreasurer.com.

The new law is to take effect Jan. 1.

newswire info
  • Author
  • Recent Posts
Ray Hanania
Ray Hanania
Ray Hanania is an award-winning columnist, author & former Chicago City Hall reporter (1977-1992). A veteran who served during the Vietnam War and the recipient of four SPJ Peter Lisagor Awards for column writing, Hanania writes weekly opinion columns on mainstream American & Chicagoland topics for the Southwest News-Herald, Des Plaines Valley News, the Regional News, The Reporter Newspapers, and Suburban Chicagoland.  

His award winning columns can be found at www.HANANIA.COM Subscribe FREE today

Hanania also writes about Middle East issues for the Arab News, and The Arab Daily News criticizing government policies in the Israeli-Palestinian conflict.

Hanania was named "Best Ethnic American Columnist" by the New America Media in November 2007, and is the 2009 recipient of the SPJ National Sigma Delta Chi Award for column writing.

Email Ray Hanania at [email protected].

Follow RayHanania at Twitter
Ray Hanania
Latest posts by Ray Hanania (see all)
  • Former Chicago Attorney Sentenced to Two and a Half Years in Federal Prison for Tax Fraud and Witness Tampering - August 28, 2025
  • Cook County Commissioner Frank Aguilar honors veterans at first of monthly VetConnect Workshops at district office - August 28, 2025
  • Orland Fire hosts Coffee & Conversation on individual fatigue and personal health - August 28, 2025
  • Tweet

SHARE THIS STORY
            
 
  
 
 
 
           
Cook County, News, Suburban Chicagoland, Taxes Tags:cut tax on late tax interest in half, penalty reduced, property taxes, reducing taxes, state law

Post navigation

Previous Post: Hastings’ new law will jump start renovation of Tinley Park Mental Health Center
Next Post: Senator Michael Hastings secures $17.1 million for for vital improvements to bridges and roads in Lockport and Homer Glen

Related Posts

  • Police Blotter
    Orland Park Police Department Investigating Fatal Hit-and-Run accident
  • Flames light up the opening of the Wolves Hockey Games at the Allstate Arena in Rosemont. Photo courtesy of Ray Hanania
    Wolves Hockey Team lights up the ice Blogger
  • Ray Hanania in 1955 on Chicago's Southeast Side. Photo courtesy of Ray Hanania
    Opinion writing: “If you want a friend, get a dog” Blogger
  • Steelworker Constructionman Joseph Synowiec, a Lockport, Ill. native, is participating in Pacific Partnership, the largest annual multinational humanitarian assistance and disaster relief preparedness mission in the Indo-Pacific region. Photo courtesy of the U.S. Navy. CHON BURI PROVINCE, Thailand (May 20, 2019) U.S. Navy Steelworker Constructionman Joseph Synowiec, assigned to Naval Mobile Construction Battalion (NMCB) 4, prepares to weld two pieces of metal together on the roof of a library at the Ban Surasak School project site during Pacific Partnership 2019. The scope of the project includes construction of a library, which is also designed to function as a shelter in the event of a natural disaster. Pacific Partnership, now in its 14th iteration, is the largest annual multinational humanitarian assistance and disaster preparedness mission conducted in the Indo-Pacific. Each year, the mission team works collectively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase stability and security in the region, and foster new and enduring friendships across the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Kelsey L. Adams)
    Lockport enlistee serving in Pacific Naval Partnership Features
  • Stagg Boys and Girls Basketball programs present a check to the Illinois USO for $3,533. Pictured: Stagg Principal Eric Olsen, Tom Eyelat USO, Stagg Girls Coach Bill Turner, Fran Eyelat USO, Stagg Boys Coach Marty Strus, Stagg Athletic Director Terry Treasure. Stagg Captains: Kosta Kolovos, Kelsey Dwyer, Maeli Sanchez, TJ Griffin.
    Stagg High school students raise funds for Illinois USO Education
  • Orland Park Village lacks experience to manage COVID-19 vaccine distribution Blogger

More Related Articles

U.S. Senator Dick Durbin. Photo courtesy of Wikipedia Citizens Against Government Waste Names Sen. Dick Durbin November 2023 Porker of the Month Economy
Adel and Omar Nofal Eagle scouts, the 224th and 225th Eagle Scouts in Troop 318’s 87-year history Twin Brothers from Orland Park’s Troop 318 Achieve Scouting’s Highest Honor: Eagle Scout Government
Geja's Cafe, Fondue specialities Geja’s Café Debuts Giro d’Italia – A Tour of Italy Wine Festival Features
Community Covid-19 Vaccination Clinic Friday, May 21st At Village Leadership Academy In the South Loop Community Covid-19 Vaccination Clinic Friday, May 21st at Village Leadership Academy in the South Loop Business
‘Weird Al’ vanity tour a smash News
Attorney Pat O'Brien announced his candidacy for the Republican Nomination for Cook County State's Attorney on Sept. 3, 2019 Judge Pat O’Brien Urges Solutions to End Tragic Violence Chicago

Leave a Reply Cancel reply

You must be logged in to post a comment.

Login with your Social ID
Subscribe to Ray Hanania's column graphic

Enter Your Email to Subscribe to Ray Hanania’s Columns

  • OPINION
  • 05-23-25 Jeffery M. Leving
    Children of divorce caught in the middle during the holidays
    August 27, 2025
  • Cook County Treasurer Maria Papas
    We Can Help You Understand Your Property Taxes—In Nearly Any Language
    August 8, 2025
  • Cook County Treasurer Maria Papas
    How My Office Handles Billions — And Protects Every Penny
    July 25, 2025
  • 06-04-25 Two Guys on Politics Background Zoom LOGO with images
    Video Podcast on Trump’s problems with Jeffrey Epstein, Netanyahu’s coalition in jeopardy
    July 19, 2025
  • Cook County Treasurer Maria Papas
    Everything you need to know about your Property Index Number or PIN
    July 12, 2025
  • The-Kings-Pawn-Book-300-x-300.png
  • NEWS
  • Andrew Boutros US Attorney Illinois
    Former Chicago Attorney Sentenced to Two and a Half Years in Federal Prison for Tax Fraud and Witness Tampering
    August 28, 2025
  • Cook County Commissioner Frank Aguilar with Chicago region veterans. No one supports veterans more than Aguilar
    Cook County Commissioner Frank Aguilar honors veterans at first of monthly VetConnect Workshops at district office
    August 28, 2025
  • Coffee & Conversation for the public on Wednesday, Sept. 24, 2025, featuring two speakers who will address individual fatigue and how to empower your personal health and activism.
    Orland Fire hosts Coffee & Conversation on individual fatigue and personal health
    August 28, 2025
  • Andrew Boutros US Attorney Illinois
    Man Sentenced to a Year and a Half in Federal Prison for Covid-Relief Fraud
    August 28, 2025
  • Photo submitted by Jeffery M. Leving and Associates
    Leving team protected dad’s daughter from danger and restored his peace of mind
    August 28, 2025
John Kass Columns

Order the book PoweR PR; Ethnic Activists Guide to Strategic Communications

YOUTUBE VIDEOS

CLICK TO SUBSCRIBE TO RAY HANANIA'S YOUTUBE VIDEOS


Click here to view the video on YouTube or use the widget below.

Follow Ray Hanania at
Twitter
Facebook
TitkTok
BlueSky
RayHanania Columns

Creative Commons License
All works on this website is licensed under a Creative Commons Attribution 4.0 International License. Do not edit original work. Give credit to the original source.

Categories

Copyright © 2022 Suburban Chicagoland & Urban Strategies Group

Powered by PressBook Premium theme