Pols pull plug on plan to give North Shore properties floodplain property tax breaks – Chicago Sun-Times

Three months ago, new Cook County Assessor Fritz Kaegi sent a letter to more than 1,100 homeowners in New Trier Township all but promising them a surprise property tax break because they live on a floodplain.

It’s now clear they’re not going to get it.

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joe strzalka
6 years ago

Luckily for most of the cook county taxpayers this is nothing more than a North Shore pillow fight. The idea that the assessor can discern the reduced value a propety carries from being in a flood plain with the myriad factors that go into a buyer and seller agreeing on a price.is ridiculous. Next up: reducing North Shore values because they’re not close enough to a Starbucks.

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