Read more about the article Landlords benefit from loose law; save millions in taxesDarrell Hoemann
A view of houses on Hedge Road. Several rental properties here are owned by companies that receive the homestead exemption.

Landlords benefit from loose law; save millions in taxes

Champaign County landlords are reaping more than $20 million in tax exemptions a year by taking advantage of a loosely written state law and an interpretation of that law by the county supervisor of assessments.

Continue ReadingLandlords benefit from loose law; save millions in taxes
Read more about the article Co-ops, retirement villages benefit from homeowners exemptionsDarrell Hoemann/CU-CitizenAccess.org
Winfield Village on July 8, 2015. This retirement community received more than $2 million in the homestead exemption for tax year 2014.

Co-ops, retirement villages benefit from homeowners exemptions

  • Post author:agorton
  • Post category:Housing

Landlords of single properties are not the only ones getting tax breaks under the General Homestead Exemption. Companies that own cooperative apartments or retirement life-care communities also can get multiple exemptions under state law.

Continue ReadingCo-ops, retirement villages benefit from homeowners exemptions