Cook County Board of Review Commissioner George Cardenas: "Year after year, Chicago leans on property taxes to cover pension liabilities and debt. Recently, costs included unchecked migrant spending. These increases occur with little regard for the mounting strain on taxpayers. Families are being squeezed to the point where paying their tax bills means sacrificing basic needs. Small business owners, already grappling with slim margins, are pushed to the edge. "
Chicago taxes on residential properties are no where close to being high as they are here in Rockford/Belvidere and most suburbs. We are at approx 4% of value in Rockford but the last few years home values are up a little due to low inventory. We were at 5.25% of value a few years back and at the same time Chicago was at 1% or so but commercial and industrial were higher to offset residential. All of our properties here have the same tax rate except for farmland. When Chicago residents start paying $52,500 on every million dollar value then… Read more »
Freddy is right. Chicago taxes are not that high compared to other towns in Illinois. Time to pay for the much needed services and raise taxes in Chicago.
Pritzker should also cut spending in all the trump counties that voted to leave Illinois. No need to spend money on people that hate Illinois. Send that money to CPS so we can fund a fair contract for teachers. Time to play hard ball.
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.
Chicago taxes on residential properties are no where close to being high as they are here in Rockford/Belvidere and most suburbs. We are at approx 4% of value in Rockford but the last few years home values are up a little due to low inventory. We were at 5.25% of value a few years back and at the same time Chicago was at 1% or so but commercial and industrial were higher to offset residential. All of our properties here have the same tax rate except for farmland. When Chicago residents start paying $52,500 on every million dollar value then… Read more »
Freddy is right. Chicago taxes are not that high compared to other towns in Illinois. Time to pay for the much needed services and raise taxes in Chicago.
Pritzker should also cut spending in all the trump counties that voted to leave Illinois. No need to spend money on people that hate Illinois. Send that money to CPS so we can fund a fair contract for teachers. Time to play hard ball.
Sums it up very well!