Chicago property tax bills will land in mailboxes this week and some residents might be in for a surprise, according to Cook County Assessor James Houlihan.Would anyone on this blog like to share how they're making out with property taxes and other necessities that must be paid for?
HOULIHAN: We've seen the median, that's the midpoint, and we see that there's an 8 percent increase, but in some neighborhoods that increase will be much more dramatic.
Houlihan says less affluent communities will be hit the hardest. He says half of all homeowners in the Garfield Park neighborhood will see an increase of about 20 percent or more on their tax bill.
The government watchdog Civic Federation says the problem lies in Illinois' convoluted tax code, and the lack of annual assessments in Cook County. Property tax bills for this year are based on 2006 assessments. Those occurred before the housing market slump.
Dispatches from Chicago's south side.
Sunday, September 28, 2008
Chicagoans in for Property Tax Shocker
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