At 5.37%, Chicago's effective commercial property tax rate is more than double the highest of the other cities except New York. While Chicago has the highest tax rate in our study for commercial property, the effective tax rate for multi-family is lower than New York City, Houston, and Dallas. Full study linked here.
Yep, and wait until there are no more COVID bucks to spend. The Chicago residential PTs, already off the chart compared to most of the rest of the nation, will spike upward. That’s because Dems love spending taxpayer money, even if they don’t yet have it.
Nothing will change the people who can will continue to leave, those that cannot will stay but the exodus will continue. The future will become one of states who have and states who have not. Miami is getting ready to take away the money from Wall Street, Chase is moving facilities to prepair . Watch as Ronald and McDonald’s soon follows suite.
Illinois will be a “have not”state, make book on it.
Leaving Soon, just not soon enough
1 year ago
They tax away the equity in the buildings. So effective tax rate is higher than the stated rate.
They do the same thing to homeowners.
Anything for the Public Sector Unions, Anything.
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.
Yep, and wait until there are no more COVID bucks to spend. The Chicago residential PTs, already off the chart compared to most of the rest of the nation, will spike upward. That’s because Dems love spending taxpayer money, even if they don’t yet have it.
Nothing will change the people who can will continue to leave, those that cannot will stay but the exodus will continue. The future will become one of states who have and states who have not. Miami is getting ready to take away the money from Wall Street, Chase is moving facilities to prepair . Watch as Ronald and McDonald’s soon follows suite.
Illinois will be a “have not”state, make book on it.
They tax away the equity in the buildings. So effective tax rate is higher than the stated rate.
They do the same thing to homeowners.
Anything for the Public Sector Unions, Anything.