Lawmakers call for property tax relief

August 10, 2009 7:06:21 PM PDT
Some lawmakers are calling on the state to extend property tax relief.State Representatives John Fritchey and Kevin Joyce, along with Alderman Eugene Schulter talked on Monday about helping homeowners by possibly extending property tax relief.

They want to extend a cap that limits the increase in assessed valuation for homeowners. The Cook County Assessor's office is in the middle of reassessing property in Chicago. Extending the cap could save homeowners money at a time when they need it most.

Fritchey says the goal is also to reform how property is assessed in Cook County. He plans to unveil a comprehensive plan for that in a couple weeks.