Who got hit with the biggest property tax bills in Chicago?

Blue 3D House Graph With Arrow

Crain’s Chicago Business had a story that shows the eye-popping tax bills that some in the Chicago area pay.

One Lincoln Park property owner got hit with a $53,000 tax increase, according to the report, a 25.6 percent increase over the previous bill.

The Dickens Avenue mansion’s tax bill shot up because the property was reassessed last year, along with all other city homes, in the Cook County Assessor’s three-year cycle that is doing north Cook County this year and south next year. The assessor’s estimate of the home’s value went up 27 percent—less than the norm for its neighborhood, where the median increase was slightly more than 32 percent.

 

 

 

By |2016-07-19T09:12:24+00:00July 19th, 2016|News, Property Taxes|Comments Off on Who got hit with the biggest property tax bills in Chicago?

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