Loop loss fallout: Chicago homeowners hit with biggest property tax bill hikes in decades – Crain’s

Due in large part to the recent decimation of commercial property values in Chicago's urban core, the median residential tax bill in the city this year rose by 16.7% to $4,457
5 Comments
Newest
Oldest Most Voted
mqyl
11 months ago

The 16.7 percent increase in Chicago residential PTs wasn’t due to property reassessment, right? It’s absolutely amazing what City of Chicago bloat can devour at any time for any reason.

Fed up neighbor
11 months ago
Reply to  mqyl

It’s not only in Chicago bloat and high property taxes are across the entire state of Illinois

Leaving Soon, just not soon enough
11 months ago

Higher taxes and lower services. This is the game plan going forward. More and more people will flee the area, and taxes will go even higher for those who choose to stay. Over 40% of Chicago’s budget goes to debt payment and pensions (legacy costs), so you know taxes will not go down anytime soon.

Riverbender
11 months ago

Higher taxes for the good citizens of Chicago – Cool!

PPF
11 months ago
Reply to  Riverbender

They seem to like them so who are we to say otherwise.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE