This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
These taxes resulted when the new Illinois Constitution directed the legislature to abolish business personal property taxes and replace the revenue lost by local government units and school districts.
Properties of religious, charitable, and educational organizations, as well as units of federal, state and local governments, are eligible for exemption from property taxes to the extent provided by law.
WHICH STATES DO NOT TAX BUSINESS PERSONAL PROPERTY? North Dakota. South Dakota. Ohio. Pennsylvania. New Jersey. New York. New Hampshire. Hawaii.
Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1958 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor's Office automatically renews it for you each year.
Personal property renditions (aka, personal property returns) require you to take a detailed inventory of your assets — everything from laptops and lamps to heavy machinery — across every location. As a result, one location can easily have tens of thousands of assets.
These taxes resulted when the new Illinois Constitution directed the legislature to abolish business personal property taxes and replace the revenue lost by local government units and school districts.
Plats of survey are ordinarily provided to homeowners at the time of the sale of a property. The Assessor's Office does not have copies of plats for the over million residential homes in the county. If you do not have a plat or survey for your home, you will have to hire an independent surveyor to conduct a new survey.
Annual property tax bills are mailed every year in October to the owner of record as of January 1 of that year. If you do not receive the original bill by November 1, contact the County Tax Collector or Assessor for a duplicate bill.
Property tax bills are mailed twice a year by the Cook County Treasurer. Your first installment is due at the beginning of March. By law, the first installment property tax bill is exactly 55% percent of the previous year's total tax amount.
The current tax bill can be obtained from the Cook County Treasurer's Office. Tax bills for previous years are handled by the Cook County Clerk's Office.