The analysis by Crain’s looked at 35 buildings and found that the property assessments did rise significantly from 2020 and even doubled for 11 of the buildings. Despite that, Kaegi’s new assessments consistently came in below the building’s appraised values.
My property market ‘valuation’ is what I paid for it whether it was purchased 5 years, 20 years or 50 years ago. The assessors unrealized hocus pocus math valuation in present day dollars based on houses selling nearby is as equally irrelevant as the failed ‘unrealized gains tax’ congress tried to ram through on the billionaires. Just another day for Cook county mafia protection racket’s biannual fleecing of mortgage holders aka homeowers err sheep
streeterville
4 years ago
It’s not Kaegi himself who sets assessments, or who polices assessment process. Assessor Department staff, administration to administration, review and set assessments. Department managers could certainly stand stronger scrutiny from Federal law enforcement.
Fed up neighbor
4 years ago
people in Chicago have no idea what it’s like to pay real property taxes, come out to the burbs especially will county we’re the school districts rape you blind every year
Last edited 4 years ago by Fed up neighbor
Freddy
4 years ago
What Crains’s is saying that Kaegi can squeeze much much more tax dollars out of these properties and redistribute it to a select few who voted him in as a sincere Thank You.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
My property market ‘valuation’ is what I paid for it whether it was purchased 5 years, 20 years or 50 years ago. The assessors unrealized hocus pocus math valuation in present day dollars based on houses selling nearby is as equally irrelevant as the failed ‘unrealized gains tax’ congress tried to ram through on the billionaires. Just another day for Cook county mafia protection racket’s biannual fleecing of mortgage holders aka homeowers err sheep
It’s not Kaegi himself who sets assessments, or who polices assessment process. Assessor Department staff, administration to administration, review and set assessments. Department managers could certainly stand stronger scrutiny from Federal law enforcement.
people in Chicago have no idea what it’s like to pay real property taxes, come out to the burbs especially will county we’re the school districts rape you blind every year
What Crains’s is saying that Kaegi can squeeze much much more tax dollars out of these properties and redistribute it to a select few who voted him in as a sincere Thank You.