Study: Chicago has second highest commercial property taxes in country – Center Square

Wirepoints President Ted Dabrowski worries about what he fears the city of Chicago appears to be setting itself up for. “With all the high crime, bad schools and empty downtown office buildings we’re seeing, the city is facing the real risk of being stuck in the doom loop, where things across the board just continue to spiral out of control,” he said. “I think it all starts with all the high taxes that pose such a big problem for all the businesses.”
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Streeterville
2 years ago

Not for long. When downtown reassessments finally occur, Assessor has legal obligation to lower real estate assessments for downtown commercial buildings with low occupancy rates, and tax appeals by downtown commercial property-owners will be successful too.

Where's Mine ???
2 years ago

and for Toni, Brandon, and the rest of the $six-figure-socialist$ equity hustle crew the second highest commercial prop taxes in country could never ever never in anyway be a cause of the systemic community disinvestment, food deserts, etc… just blame it all on some redlining from 60 years ago

Old Spartan
2 years ago

And not a peep from Preckwinkle, JB, the Mayor, anyone on the the City Council, or a single City legislator about how to address the property tax crisis. Just incredible that the Chicago business community is not up in arms about this and does not have one single public official on their side raising hell about it.

Old Joe
2 years ago
Reply to  Old Spartan

Well Sparty, Ken Griffin gave them half a peace sign….

Streeterville
2 years ago
Reply to  Old Spartan

No peep because no solution.

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