Tired Of Empty Storefronts In Your Neighborhood? ‘Vacancy Fraud’ Bill Would Punish Landlords Who Avoid Renting Them Out – Block Club Chicago

The proposed Vacancy Fraud Act would allow municipalities, school districts, parks and other taxing bodies to file complaints with their county government if a property owner who receives vacancy tax relief isn’t actively trying to lease, sell or renovate the property.
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Freddy
2 years ago

Maybe if property taxes were much much lower landlords could rent them out a little cheaper. This way tenants could get lower rents so more people would take a chance with small start up stores. Even when empty property taxes must be paid.

Taxpaying Citizen
2 years ago

Empty store fronts made me think about one of the reasons- tax breaks, and why the Mars/Wrigley plans to donate the 16 acres factory in Galewood “for the use of the community.” As if its a gift instead of what it potentially is- a flaming bag of doggie doo left on the taxpayers doorstep. Wanna build something on that property- good luck once the EPA takes a look-see before any kind of factory dismantling and proper disposal of possible hazardous waste in the midst of a fairly large residential area with families, schools, and parks. I see big costs to… Read more »

nixit
2 years ago

or been responsive to potential renters or buyers

And there’s the kicker. They want property owners to either give away their property or rent it at a cost far below market value where it doesn’t make sense.

I don’t like vacancies either. And there are definitely bad actors. But this has “something for nothing” written all over it. They want to wipe the slate clean and not have to deal with the fallout the high property taxes caused to begin with.

dldldl
2 years ago

Fixed the headline for you:

Illinois Democrats Want To Punish Struggling Landlords — For Vacancies/Deserted Streets — A Situation Created By Democrats’ Business Hostile Laws/Regulations, And Their Total Failure On Crime”

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