Chicago property tax hikes cause housing struggles for seniors – Illinois Policy

Nearly 60% of older renters in the city spending more than 30% of their income on rent alone. But until state leaders take aim at reducing Illinois’ property taxes — which are the second-highest in the nation — struggling seniors will continue to see their rent bills climb as property owners pass on tax costs to tenants.
4 Comments
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The Doctor
4 years ago

I am not sure of the average SS payment, but I am guessing that many suburban seniors are pay 25% or more of income is property taxes.

James
4 years ago
Reply to  The Doctor

That’s probably about right for some, but SS was never intended as a sole source of retirement income. Those who thought otherwise suffer the consequences.

Fed up neighbor
4 years ago

Springfield could care less

nixit
4 years ago

Retired and renting in Chicago?! How depressing.

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