Berrios property tax assessments for Cook County homeowners are flawed and unfair, study confirms – Chicago Tribune

Cook County Assessor Joseph Berrios has been producing error-ridden property assessments that effectively punished poor homeowners while providing tax breaks to wealthy ones, according to a much-anticipated independent study of the county’s residential assessment practices. The study, which reviewed assessments from 2014 to 2016, concluded that the county operates “a very regressive system” that causes “a wealth transfer from owners of lower-valued homes to those of higher-value homes.”

Read More »

Berrios primary challenger for Cook County assessor removed from ballot, vows court fight – Chicago Tribune

Democrat Andrea Raila’s bid to run for Cook County assessor suffered a serious blow Thursday, when county election officials kicked her off the March 20 primary ballot. Raila, though, said she will appeal in court. If a judicial ruling doesn’t reverse the Cook County Electoral Board’s decision, the Democratic primary will feature a one-on-one matchup between two-term incumbent Joe Berrios and asset manager Fritz Kaegi.

Read More »

Losing Illinois: Decatur on the decline – IL Homepage

So many people are exiting the state, it’s hard for U-Haul to keep up.

“For every 10 trucks that are leaving the state of Illinois, we are maybe lucky to get three back,” said James Edwards, a U-Haul field manager. “It is a challenge for us to try to get inventory back into Illinois to meet the demand of everyone wanting to move.”

Read More »

Chicago high-end homes are a bargain – Crain’s

The median price of Chicago condos sold last year in the upper one-tenth of prices was $383 a square foot. For houses it was $322. In Manhattan, the median price was over $3,300 per square foot for either type of housing. In San Francisco, both medians were in the range of $1,200 a foot.

Read More »