Loop loss fallout: Chicago homeowners hit with biggest property tax bill hikes in decades

Chicago community leader makes plea for billionaires' return to the Windy City

Property taxes in the Windy City are freezing over, and one Chicago city leader is making a plea for brands and businesses to bring back their headquarters and alleviate homeowners’ frostbite."The reason that our property taxes have gone up astronomically is because of the legislation that's coming out of the Illinois Statehouse, specifically the SAFE-T Act, that has made us a lot less safe," resident and ChicagoRED founder Patricia "P-Rae" Easl…

No Forward Movement on City Budget

(CHICAGO) — Mayor Brandon Johnson’s $16.6 billion spending plan was dealt a major blow on Monday as it failed to make it out of the finance committee. Alderman voted 25-10 against the mayor’s tax package. The vote came after repeated efforts by Johnson allies to delay a vote. The key concern for many alderman is Johnson’s $21 per month employee head tax on large businesses in the city. City council members are concerned that a move like that wou…

Loop loss fallout: Chicago homeowners hit with biggest property tax bill hikes in decades

Financial News Network - Chicago community leader makes plea for billionaires' return to the Windy City

Homeowners face skyrocketing property taxes in Chicago as downtown vacancy rates climb and commercial tax burden shifts to residential properties, according to one city leader.Read More …

Report: Chicago Property Taxes See Largest Hike in 30 Years

The city is offering an installment plan with interest for homeowners who are unable to pay their total property tax bill at one time. Continue Reading Report: Chicago Property Taxes See Largest Hike in 30 Years The post Report: Chicago Property Taxes See Largest Hike in 30 Years appeared first on Weekly Real Estate News.

Chicago homeowners facing largest property tax jump in at least 30 years: study