Tax Concerns Loom Large For Chicago CRE Despite Mayor Touting Less-Than-Expected Increase – Daily News Chicago

“So-called reforms have done nothing to eliminate uncertainty that has been a hallmark for a very long time,” tax appeal professional Brian Forde said in a report from DePaul University. “In fact, it seems to be getting worse with policies that focus primarily on shifting the tax burden from residents to commercial property owners rather than getting valuations correct, or equally important, repairing issues with Cook County’s inequitable classification system.”
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Old Joe
3 years ago

When some future Edward Gibbon writes his magnum opus on Chicago he’ll have a chapter dedicated to property taxes.

debtsor
3 years ago
Reply to  Old Joe

Taxes in Chicago are less than elsewhere too. The suburbs are where the massive tax bills are.

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