Cook County Assessor Pushes to Ease Property Tax Burden on Homeowners – WTTW (Chicago)

“When we finished our reassessment of Chicago, homeowners would have had actually two percentage points less of the burden than they started with ... ” Cook County Assessor Fritz Kaegi said. “But these values were cut at the Board of Review by nearly 20 percent for commercial properties, whereas only 1 percent for residential properties. That shifted about half a billion dollars of the burden, according to the treasurer, onto homeowners."
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Leaving Soon, just not soon enough
5 months ago

Just how do you lower taxes when the cost of government is going up faster than inflation?
The price paid for public services is twice what it should be.

taxpayer
5 months ago

The Cook County Board requires that, relative to market value, commercial and industrial properties are assessed at two-and-a-half times the rate applied to residential and vacant properties. So of course commercial property owners appeal, and when they are successful they might reduce their taxes to less than two-and-a-half times what homeowners pay for property of the same value.

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

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE