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.

Co-ops, retirement villages benefit from homeowners exemptions

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.