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Illinois Class 9 affidavit (2015)

Category:
Local County - Cook - Assessors Office
State:
Illinois
Control #:
IL-SKU-2015
Format:
PDF
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Description

Class 9 affidavit (2015)

The Illinois Class 9 Affidavit (2015) is a document used to transfer a title of a motor vehicle from one person to another. It is filled out by the seller of the vehicle and submitted to the Secretary of State along with the other required paperwork. The affidavit is an official document that must be notarized and includes the name of the seller, the vehicle's make, model, year, and VIN, the odometer reading, and whether the vehicle is being sold "as is" or with a warranty. The affidavit also serves to identify any liens that may be held on the vehicle. There are two types of Illinois Class 9 Affidavit (2015): the Standard Affidavit of Vehicle Sale and the Affidavit of Vehicle Donation.

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FAQ

Senior Citizens Real Estate Tax Deferral Program allows persons 65 years of age and older, who have a total household income of less than $65,000 and meet certain other qualifications, to defer all or part of the real estate taxes and special assessments on their principal residences.

The Class 7c classification is designed to encourage commercial development throughout Cook County by offering a real estate incentive for the development of new commercial facilities, the rehabilitation of existing commercial structures, and the commercial reutilization of abandoned buildings.

Frequently Asked Questions $100,0002022 Estimated Fair Market Value-$8,0002022 Senior Exemption$21,1602022 Adjusted Equalized Assessed ValueX.082022 Tax Rate (example; your tax rate could vary)$1,692.80Estimated Tax Bill in dollar amount4 more rows

The Class 7b classification is designed to encourage commercial development throughout Cook County by offering a real estate incentive for the development of new commercial facilities, the rehabilitation of existing commercial structures, and the commercial reutilization of abandoned buildings on properties that have

About the Class 8 Tax Incentive Qualifying buildings will be assessed at 10% of market value for 10 years, 15% in the 11th year and 20% in the 12th year. This is a significant reduction from the standard assessment level of 25% for industrial and commercial properties.

The Class 7c classification is designed to encourage commercial development throughout Cook County by offering a real estate incentive for the development of new commercial facilities, the rehabilitation of existing commercial structures, and the commercial reutilization of abandoned buildings.

Class C. Designed to encourage industrial and commercial development throughout Cook County by offering a tax incentive for the remediation of contaminated properties including abandoned property or vacant land.

Cook County Class 9 Program offers a 50% reduction in assessments and taxes to developers who complete major rehab on multifamily buildings and keep rent below certain levels.

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