Skyrocketing Cook County property tax bill sends Palatine garden center out of business – ABC7 (Chicago)

A third generation family business is now vacant after a change in how they are assessed for property taxes, they said, has ruined them. Their 2019 Cook County property tax bill skyrocketed to $183,000 from just under $25,000: an increase of 640%. In 2020 they got another bill for $151,000.
9 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Freddy
4 years ago

The question that should be asked by the owner and ABC is . Where is the money going to?
Remember the Palatine school district teachers signed a 10 year contract a while back with at least 40% in raises and very little if any increase in health insurance cost. They should be 4 or 5 years into that contract. Someone has to pay for that deal.
https://www.illinoispolicy.org/palatine-area-district-15s-new-10-year-contract-unprecedented/
https://www.chicagotribune.com/news/breaking/ct-palatine-teachers-contract-met-20160415-story.html

leaving town
4 years ago
Reply to  Freddy

Yep my taxes on a 60,000 sq.ft. building have gone from $60,000.00 to $190,000.00. Cant wait to get out of this s… hole.

Freddy
4 years ago
Reply to  leaving town

Why not try to get together with others in your situation and try to fight the assessment and taxes. Not easy to do but a group of taxpayers may have a better chance than just one. On the http://www.taxpayersunitedofamerica.com website a lot of people got together to fight the school raises. Search Berwyn
https://taxpayersunitedofamerica.org/tax-protest-meeting-berwyn/

Aaron
4 years ago
Reply to  Freddy

Ha ha ha ha ha ha ha

leaving town
4 years ago
Reply to  Freddy

I do fight the assessment. It was $240,000.00 got reduced to $190,000.00 and lawyers get 1/3rd of savings.

Freddy
4 years ago
Reply to  leaving town

Isn’t that crazy that we have to fight a higher assessment so we can try to reduce our taxes but no one fights with the bank that we have too much money there. We have more equity with a higher assessment but that leads to more taxes. With these crazy high taxes we will never know the true value of our properties. In Rockford taxes were over 5% of total value for a few years now just over 4%. To me high taxes are a theft of equity which should be a crime.

susan
4 years ago
Reply to  leaving town

assume you meant ‘sinkhole’. Because fecal matter is a growth medium, and nothing can grow in this salted earth of Illinois.

mqyl
4 years ago
Reply to  Freddy

… and the Palatine school district raises you referred to don’t include step increases.

Willowglen
4 years ago
Reply to  mqyl

Why is Palatine High School so mediocre? It’s test scores are barely above the state average. And the gap between my Lake County high school and Palatine has materially increased since I graduated in the late 70’s. Palatine back then was not all that indistinguishable from my high school. What happened? It can’t be teacher salaries. In private business, I do see gaps between performance and compensation levels, but without sustained performance compensation declines and the jobs simply go away.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE