This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Property Owners Association Bylaws For My Address In Cook
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State:
Multi-State
County:
Cook
Control #:
US-00444
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FAQ
Please contact us any time by sending a message on the website, Facebook, or by calling us at (312) 443-7550. If you experience issues with the online appeal system, please email Assessor.onlineappeals@cookcountyil.
Cook County retirees and other older homeowners may reduce their tax bills by hundreds or even thousands of dollars a year by taking advantage of the Senior Citizen Homestead Exemption. Exemptions reduce the Equalized Assessed Value (EAV) of your home, which is multiplied by the tax rate to determine your tax bill.
In general, homeowners can request HOA documents that cover the following: Governing documents, including the CC&Rs, bylaws, articles of incorporation, community plat, and operating rules; All board and membership meeting minutes and notices; Membership lists; All insurance policies of the association;
Fritz Kaegi is the Cook County Assessor. Prior to beginning his career in Cook County government, Fritz spent more than 20 years valuing assets as a mutual fund portfolio manager and analyst.
Contact Us Schedule an appointment here. Message us on Facebook. Call us at (312) 443-7550 between a.m. and p.m. Email us below, response time is usually within one week.
The administration and functioning of HOAs in the state are governed by the Illinois Common Interest Community Association Act. In homeowner's associations with detached or attached townhouses, single-family houses, or villas, this provision is applicable.
For residential property owners, the assessed value equals 10% of the fair market value of the home. For most commercial property owners, the assessed value is 25% of the fair market value. This level of assessed value is the taxable amount of the property, as determined by Cook County ordinance.
The Homeowner Exemption reduces the Equalized Assessed Value (EAV) of a property by $10,000.
A: Section 18(a)(1) of the Illinois inium Property Act requires individuals to be a unit owner to serve on the board of directors, which means any ownership interest in the unit.
To legally establish an HOA in Illinois, the organization must submit Articles of Incorporation to the Illinois Secretary of State. The Illinois General Not For Profit Corporation Act of 1986 governs nonprofit corporations.