Property Tax Incentives
Live Virtual Event
Thursday, September 23, 12pm (free registration)
A new statewide property tax incentive for multifamily rental was recently signed into law by Governor Pritzker. The program is launching early next year and you may be eligible to receive as much as a 35% reduction in your assessed value!
This groundbreaking incentive is designed to help all multifamily rental owners – so no matter if you own 7 units or more than 500, you can apply to be a part of the program and save money!
Please join us on September 23 to learn more about this game-changing tool for rental building owners. Attendees will also have the opportunity to provide feedback to Assessor Kaegi about program implementation in Cook County.
Come to our webinar ready to:
- Learn how the new relief is different from Cook County’s Class 9 program
- Find out how projects completed since 2015 can retroactively qualify
- Get insight on the program from a diverse set of property owners
- Explore financing opportunities
The Preservation Compact and its partners have led efforts for several years to develop this new statewide legislation. Property tax relief has the potential to help many multifamily rental owners control building expenses, while incentivizing investment in affordable housing in Chicago neighborhoods. Please join us on September 23 to learn more! This webinar is co-hosted by CIC, The Preservation Compact, and the Illinois Housing Council. Thank you to our event sponsor, Applegate & Thorne-Thomsen!
