Cook County assessor gave $930,000 in wrongful tax breaks, then waived penalties, interest over its errors

Cook County assessor gave $930,000 in wrongful tax breaks, then waived penalties, interest over its errors

Cook County Assessor Fritz Kaegi has mistakenly handed out more than $930,000 in property tax breaks to homeowners and businesses since he took office nearly seven years ago.Those “erroneous” property tax exemptions went to 287 property owners, according to the assessor’s office.Kaegi’s staff says his office goes after those it finds took tax exemptions they didn’t qualify to get, and that it initially sought to collect another $900,000 in penal…

Cook County assessor gave $930,000 in wrongful tax breaks, then waived penalties, interest over its errors – Chicago Sun-Times

Assessor Fritz Kaegi’s biggest blunders involved four Brookdale Senior Living properties in Lake View, Lincoln Park, Des Plaines and Glenview. All were discovered by Brookdale, which found that its 2021 tax bills were wrongly cut by $530,541. In January, Brookdale paid the money it should have, but Kaegi had waived $424,433 in penalties and interest.