Recent Blog Posts

1031 Exchanges – The Next Tax Reform Casualty?

Posted on: July 17th, 2017 by The L&T Blog Team
A major tax advantage for the commercial real estate industry may be one of the casualties in a sweeping federal tax reform expected this year, The Wall Street Journal reports. Some lawmakers are eyeing the 1031 exchange provision to get the tax-r ... Read Full Article

Palos Heights Class 7B Tax Incentive Approved For Spectrum Retirement Community

Posted on: June 29th, 2017 by The L&T Blog Team
On Friday June 23, 2017, the Cook County Economic Development Advisory Committee (EDAC) unanimously voted to approve Spectrum Retirement Communities’ application for a Class 7b Tax Incentive in Palos Heights. The proposed project includes construct ... Read Full Article

2016 Cook County Tax Rates Released

Posted on: June 15th, 2017 by The L&T Blog Team
The Cook County Clerk recently released the new tax rates in preparation for the payment due on August 1, 2017. The memo contains an explanation for the rate changes and impact on personal and commercial properties. After reading through the memo, es ... Read Full Article

Class 7A And 7B Tax Incentives Are Now Renewable In Cook County

Posted on: May 25th, 2017 by The L&T Blog Team
New Class 7 Tax Amendments Permit Renewal of Incentives in Cook County By Brian Liston “You will never face a tax problem that’s not charged with opportunity.” – Warren Buffett In the past few years, myself along with prominent local M ... Read Full Article

Cook County Final Multiplier Announced

Posted on: April 28th, 2017 by The L&T Blog Team
Source: tax.illinois.gov | Liston & Tsantilis 4/28/2017 -  The Illinois Department of Revenue announces the final 2016 equalization factor of 2.8032 for Cook County. The department is required by law to calculate the factor, also called the ... Read Full Article