When Chicago property owners receive their tax bills in the coming days, homeowners might be disappointed while landlords can breathe a sigh of relief. The property tax burden between residential and commercial property owners in the city has shifted slightly in favor of landlords this year, a surprising result after Cook County Assessor Fritz Kaegi hiked assessments on office, apartment and other commercial buildings last year.
It’s ok to pay higher property taxes if you are a homeowner in Chicago, right? Look what I get for all that money– safe neighborhoods, great schools, clean and safe public transportation, honest and intelligent government, excellent roads and traffic conditions, and thoughtful and efficient execution of all my needed public services. What more could I ask for.
Tom
3 years ago
I am not surprised by any of this. This amount of corruption is truly impressive. The electorate don’t even realize what is happening. Mark how much longer can this go on? How much longer will it go on? If a recession it’s toast. No?
Old Joe
3 years ago
In Illinois you really can’t own property. You can rent it from the government.
nixit
3 years ago
I truly do not understand property taxes. Kaegi ran on the premise that commercial was under-taxed. Now he’s increasing the burden on homeowners, just like his predecessor.
Nope, it will continue until the North side resembles Detroit. Then TPTB will sell abandoned houses for $1 (again like Detroit) in an attempt to actually have property tax paying residents.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
It’s ok to pay higher property taxes if you are a homeowner in Chicago, right? Look what I get for all that money– safe neighborhoods, great schools, clean and safe public transportation, honest and intelligent government, excellent roads and traffic conditions, and thoughtful and efficient execution of all my needed public services. What more could I ask for.
I am not surprised by any of this. This amount of corruption is truly impressive. The electorate don’t even realize what is happening. Mark how much longer can this go on? How much longer will it go on? If a recession it’s toast. No?
In Illinois you really can’t own property. You can rent it from the government.
I truly do not understand property taxes. Kaegi ran on the premise that commercial was under-taxed. Now he’s increasing the burden on homeowners, just like his predecessor.
this will continue until the annual tax equals the value of the home. think im joking?
Nope, it will continue until the North side resembles Detroit. Then TPTB will sell abandoned houses for $1 (again like Detroit) in an attempt to actually have property tax paying residents.
that comes after and means its working.