(Editor's note: We are publishing this letter only for the information of our readers.
Opinions expressed are not necessarily those of this publication.)

The Tax Reform Action Coalition (TRAC) continues its mission to enact a fair and predictable property tax system in Illinois.

As the 7% property assessment cap expired prior to the 2009 property tax reassessment, we are faced, yet again, with the need to fight for reform. We have joined with state representatives and aldermen in calling for a renewal of the 7% assessment cap - but that is not the long term solution.

TRAC has a plan for a permanent assessment cap. It is FAIR because assessment increases will be capped and consistently applied to all properties, apartment buildings, businesses and homes. It is PREDICTABLE because increases, as TRAC proposes, will be capped at a maximum of 2% a year, for everyone.

The permanent assessment cap prevents any skyrocketing assessment increases that are tied to bubble market values, and new assessments will be based on the purchase price of a property. This means that property owners will not be taxed on unrealized gains and the capped assessments will promote stability in our neighborhoods.

Here's what to do: There will be opponents to this clear, logical thinking which is why we are asking you to support TRAC.

Visit our website at www.trac-il.org and Join Our Email list.

We will keep you informed of our Actions and Alerts.

For more information contact: