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I doubt the property tax’s in Chicago are close to here in Rockford. On a $1 mil home (which there only a few) tax’s would be $46,710.46. On a business every million in value is $47,566.66 since everyone is taxed at the same rate. This is why so many protest assessments which in turn reduces total EAV which then increases the tax rate accordingly which then lowers property values ad infinitum. This is a result of PTELL legislation which many of us were duped to vote for. Many do not know that anyone receiving an abatement increases the tax rate… Read more »