Toni Preckwinkle and Bridget Gainer: Growing homeownership will lower property taxes for everyone – Chicago Tribune*

"... Cook County launched the Homeowner Relief Fund last week to assist homeowners whose property taxes spiked 50 percent or more in any of the last three years and whose family is at or below the area median income. That means a family of four making $120,000 will qualify for relief."
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Chercher
10 months ago

The program is capped at $15 million, they expect to have 14,000 winners in their lottery. That leaves 1 million for the cost to go through claims. One Million Dollars. And they require proof of identity- the very thing they insist voters shouldn’t have to do.

Eugene from a payphone
10 months ago

Simple truth is tax more and you get less. Drive along Cicero Ave. anywhere it is the border between Chicago and a suburb. Note the difference in gas price and which stations get more business to confirm this. People act in their own self interest.

Deb
10 months ago

How much of this tax relief will go to the suburban homeowners? Or is it only for Chicago?

Call my shrink
10 months ago

Bullshit. It will only feed your tax kitty.

Isn’t Illinois Fun?
10 months ago

100% bullshit. Growing property tax revenue is always, always, always, matched by new ideas for spending the additional revenue and to further fund existing programs. The only way to reduce property taxes is growing tax revenue from true expansion of the tax base from economic vitality while doing public pension reform and cutting non essential spending, neither of which ever happen. The way it was, the way it is, the way it always will be.

mqyl
10 months ago

Yours is a great comment and especially true for Illinois and Cook County. Their budgets are always bloated and almost always increasing. Mismanagement and responsible stewardship of property taxpayer funds are mutually exclusive.

Leaving Soon, just not soon enough
10 months ago

I will bet that never happens. Lower taxes is a pipe dream at best. I take the bet side that taxes will go higher, and higher every year for generations to come.

Sanity please
10 months ago

What a bunch of horsepucky, all of the solutions
do not stop the rising property taxes.
this program cannot work due to the size of the
pension problems and continuing crime
issue.
this equates to trying to put out a forest fire
with a bottle of water.

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