Chicago homeowners hit with biggest property tax increase in over 30 years – Chicago Agent Magazine

The residential hike was driven by a surge in home values, a $500 million increase in requests from Chicago schools and local governments and the zero-sum nature of Chicago’s tax structure: When one group of property owners (Loop commercial owners) pays a smaller share of the overall tax bill, other groups (homeowners in particular) pay more, treasurer Maria Pappas explained.
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Free at Last
9 months ago

Fun. Isn’t it? Especially when you are outside the fishbowl.

Free at Last
9 months ago

Isn’t it curious that they waited until after the election to issue the bills? What a coincidence? Oh well. I’m sure Illinois’ foreclosure rate won’t increase because of this increase. I am also sure there won’t be an even bigger increase next year. I guess slaves can vote for their own destruction. Who knew?

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