The Chicago Tribune has a map that outlines areas of Chicago that appear to be hardest hit by a average 13 percent property tax increase.
The surge in Chicago property taxes was brought about by an increase in the tax levy largely to fund public safety pensions and by a scheduled once-every-three-years reassessment process.
According to the article:
In Kenwood, Hyde Park, Wicker Park and Logan Square, the median increase topped 25 percent. In Old Town, Lincoln Park, the Gold Coast, the Magnificent Mile, Near North, River North — and even part of the “Hipster Highway” along Milwaukee Avenue in Ukrainian Village and Bucktown — the median increase exceeded 30 percent.
Real Property Alliance and the Chicago Association of REALTORS® have teamed up to help provide property owners with information on steps they can take to potentially lower their property tax bills. Find all the details here.