Property tax assessments soar on North Side – Crain’s

Lake View greystones. - Anne Rossley/Flickr Across Lake View Township, whose boundaries encompass more than just the neighborhood called Lakeview, the median assessment rose by more than 31 percent for houses, townhouses and rental buildings with six units or fewer. For condos, the increase was just under 29 percent. The increases are smaller in Rogers Park: 18.2 percent for houses and others, and 20 percent for condos.
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Had Enough
5 years ago

We are on the northside and got hit with a 64% increase last reassessment and now we are beign told to brace for another 50%. we literally cant take it anymore, we have drug dealers in our alley, section 8 going up all over our neighborhood, we cant use the public school and have to use private. We had hopes the city was turning around 15 years ago but it was a con job. We got sucked in, wont happen twice, wife is putting in for transfer out of state, I can work anywhere. F*ck this city and state.

Freddy
5 years ago

Does anyone know if Chicago is under PTELL jurisdiction. Cook County is. Under Ptell your taxes can not be raised more than 5% of 1/2 of inflation whichever is less so if your home value skyrockets they are limited to 5% but if homes drop the rate can exceed 5%. This happened in Rockford with ever lowering property values. Many years our tax rates were approaching double digits to a high of 15.29% on 1/3rd value. They have stabilized for now but our values are still what they were in the late 90’s or early 2000’s. I pay $6,900 on… Read more »

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