Kaegi’s office has been delivering unwelcome news to owners of many commercial properties in the northern and northwestern suburbs this year. He’s raising their assessments again, fueling fears of more property tax hikes in 2023 and preserving his persona non grata status among many in the Chicago business community who say he’s driving away investors and killing the local economy.
It goes beyond just commercial, residential reassessments have been coming out too. Every house on my block increased in value 50-66% IN THE LAST THREE YEARS since the previous reassessment. Which is obviously, not true, and these increases are far, far larger than the increases in comparable houses in ‘other’ more Democrat voting neighborhoods.
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.
It goes beyond just commercial, residential reassessments have been coming out too. Every house on my block increased in value 50-66% IN THE LAST THREE YEARS since the previous reassessment. Which is obviously, not true, and these increases are far, far larger than the increases in comparable houses in ‘other’ more Democrat voting neighborhoods.
It’s called equity.
YOUR HOME EQUITY.