Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Illinois |
| Effected Jurisdiction: | Cook County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2021 |
| Program name: | Various Property Tax Incentives |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | (not specified) |
| Abating jurisdiction(s): | Cook County, Illinois |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction in assessed value |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $16,800,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $16,800,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | CAFR provided breakdown by purpose: "$6.9 million was for the purpose of development and rehabilitation of new and existing industrial property, $2.3 million was for the purpose of development and rehabilitation of commercial property, $1.0 million was for the purpose of industrial and commercial development in areas of severe economic stagnation, and $1.2 million was for the purpose of increasing multi-family residential affordable rental housing." |
| Document source: | https://www.cookcountyil.gov/service/financial-reports |
