See how a proposed Chicago property tax increase might impact you

Chicago Mayor Rahm Emanuel has proposed a massive nearly $600 million property tax increase for the city.

And while it remains to be seen what the final number will be, the Chicago Tribune has a handy map that shows the most affected areas. According to the article:

Taxes will go up for about 194,000 homes the Cook County Assessor estimates are worth more than $250,000, according to Marc Rutzen, data officer for KIG Analytics, a wing of KIG CRE.

Troubling, too, is the impact on commercial real estate. The article states:

The city has about 95,000 pieces of commercial real estate, Rutzen found. All of them would see a tax increase, according to Emanuel’s plan.

By |2015-10-13T11:08:15+00:00October 13th, 2015|Uncategorized|Comments Off on See how a proposed Chicago property tax increase might impact you

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