Where Chicago property taxes are about to soar – Crain’s

Countywide, bills should increase about 3.7 percent on average, regardless of whether the parcel involved is a home or a commercial property. But there are wide variations by region and property type.

As a result, average bills in the north and central thirds of the city will be up 11.46 percent and 11.29 percent, respectively. But in the southern third of the city, where property values have risen more slowly, the hike will be just 0.98 percent for homeowners.

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Rick
4 years ago

For years we were told an increased income tax would be off set by decreased property taxes. Pritzker kind of put an end to that foolish notion didn’t he.

Hank Scorpio
4 years ago

Why stop there? I say go nuclear — cease all the titles from the banks so that all principal and interest payments go to the state… That’s where we are headed — renting homes directly from government…

Freddy
4 years ago
Reply to  Mark Glennon

Mark- Why doesn’t some argue the “Protection of Property” clause in Article1 Section1 of the Illinois Constitution as also being protection from taxing bodies for unlawful seizures of most peoples primary asset due to excessive taxation.? There are never any payment plans to pay property tax’s. It is pay in full only with no partial payments allowed or your home goes to foreclosure and your name ends up in the local paper deemed delinquent like we are some type of criminal. Maybe next they will put our pictures in the local Post Office. IRS-credit cards-auto loans-even student loans will work… Read more »

riverbender
4 years ago
Reply to  Mark Glennon

The Judges are supported by the taxes meaning ti me, there is no way they can be considered impartial.

Freddy
4 years ago
Reply to  Mark Glennon

Mark- Thanks. Are you familiar with the Bell,Ca corruption case? Google How the road to Bell was paved not with good intentions /or anything about Bell. This is similar to what is going thru out Illinois but with more people involved to a lesser flagrant degree. I think that when people (taxpayers) band together change occurs but now we are being picked off one by one.Its if you don’t like move mentality. Illinois is a beautiful state with many natural resources but the political climate is rock bottom and only represents a very small % of residents which goes against… Read more »

gannfan
4 years ago

20.5% increase over last year here in Lakeview.

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