New Chicago Property Assessment Pushes Tax Burden from Homeowners to Businesses, Assessor Fritz Kaegi Says – WTTW (Chicago)

The analysis concluded that the 882,207 properties in Chicago were worth a combined $42.08 billion, 31% more than in 2018, despite the ravages of the COVID-19 pandemic and the economic catastrophe it triggered, according to the data released by the assessor’s office. The value of Chicago properties grew nearly twice as fast between 2018 and 2021 than it did between 2015 and 2018.