Cook County’s delinquent property tax system target of proposed legislation – Chicago Tribune*

Legislation introduced by state Sen. Ram Villivalam would reduce the amount of interest charged on late property tax payments and close a loophole in the state tax code that leads to local governments losing millions of dollars each year to private investors. The bills were crafted by Treasurer Maria Pappas’ office based on two studies conducted by the office last year that found the county’s property tax system disproportionately affects Black and Latino communities.