Chicago residents could see property taxes quadruple – Center Square

Chicago residents are currently facing record levels of inflation on gas and other items and deal with the state's second-highest property taxes in the nation. The property tax increase could begin to affect businesses and consumers due to even higher costs at restaurants, stores, bars and elsewhere.
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Old Joe
3 years ago

The rate of inflation indexed property taxes will have to be capped at a level much lower that the current inflation rate of 9%.

Otherwise Chicago property taxes would double in 9 years and West Detroit will arrive much sooner.

I don’t have a good answer for this dilema as I don’t expect the rate of inflation to decline until several years after the cause of it has been instutionalized in a memory care facility.

Giddyap
3 years ago

This will change the current steady flow of residents leaving Chicago — into a balls-out jailbreak.

Aaron
3 years ago

this needs to happen. Make Lori own it.

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