Editorial: Heads up, Chicago property owners. It’s reassessment year, and it won’t be pretty – Chicago Tribune*

"The property tax burden in Illinois is not a new problem. Politicians in Springfield have kicked the can for years on policy changes that could have decreased dependence on property taxes and made Illinois a more affordable and attractive state in which to live and work. And voters allowed a lopsided tax system in Cook County to flourish under previous assessors."
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joe strzalka
5 years ago

the editorial board never seems to get it. Property taxes are a competiton between the properties in a given district to pay for those services. There is very little commonality, maybe 15%, outside of your local districts shared by other taxpayers. Paying lower rates in one suburb and much higher in another means nothing. Low tax rates in northern sububs has almost nothing to do with higher rates in southern suburbs. They should at least acknowledge this before revisiting the same tired points they make every six months or so.

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