Property tax hikes keep hitting North Side neighborhoods – Loop North News
Cook County Assessor Fritz Kaegi has blamed the Cook County Board of Review for creating higher residential tax bills this year due to its appeal decisions that reduced assessment valuations of some large downtown commercial properties, leaving many homeowners to unexpectedly bear more of the tax burden.
“We are hovering over 50%…51 to 55%, which is higher than the average across the country which is more like in the high 40s,” said Michael Edwards, of the Chicago Loop Alliance. Edwards said how people get downtown is also important, and he said that’s why the Chicago Transit Authority needs to be safer with more consistent service.
Where Chicago crime heads next year is still tough to guess. Has Chicago’s “crime wave” hit a peak and begun to flatten or trend down, as murders appear to be doing? Or will Chicago’s decarcerationist trend – supported by the end of cash bail and Mayor Johnson’s soft-on-crime policies – embolden criminals to do more?