Property taxes

Iowa lawmakers have to merge competing visions for property tax reform after multiple bills passed out of committee in the state House and Senate this month.

The deal includes a current refunding of general obligation bonds issued in 2016 and a tender offer for bonds that have not yet reached their call date.

At least two local agencies missed debt service payments after the Cook County, Illinois, treasurer's office was unable to issue property tax bills on time.

Rapidly rising property values have led many Republican legislators to back measures that would substantially reduce local government property taxes.

The airport system revenue bonds will finance portions of an estimated $5 billion expansion program at Austin Bergstrom International Airport.

The Republican governor and GOP leaders of the state House and Senate will negotiate over three budget visions and a plan to cut local property tax revenue.

An Indiana bill would address some concerns that were raised around 2025's Senate Enrolled Act 1, which created questions about local government credit quality.

Hamilton City Schools blames state funding formula changes and property tax reforms for a fiscal emergency that has prompted school closures and deep cuts.

After Mayor Brandon Johnson split the city's $260 million advance pension payment, more than 30 aldermen introduced a resolution calling for a special hearing.

Major cuts to property tax revenue could push cities and counties to turn to less stable forms of revenue like sales taxes, analysts say.

Governors plan to cut taxes and expand school vouchers across many of the Midwest's Republican-led states in fiscal year 2027.

The Glenwood-Lynwood Public Library District was four weeks late on a Dec. 1 debt service payment amid delays to Cook County property tax billing.

When Ohio Gov. Mike DeWine signed property tax reform bills, there was hope in Columbus it would appease voters who backed a push to abolish property taxes.

Property taxation is being targeted in a growing movement across the nation for cuts or elimination to address homeowner angst over rising tax bills.

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.

A 2025 state law prohibits cities from increasing their property tax revenue if they fail to produce a timely annual financial audit.

As South Dakota becomes the latest Midwest state to consider property tax reform, some officials are scrutinizing school districts more closely.

The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.

Chicago homeowners face a record property tax hike after the city's downtown office buildings and other commercial real estate values fell again.

The city council took action to keep the property tax rate unchanged, a move that could punch a $53 million hole in the fiscal 2026 budget and drain reserves.