Saturday, July 30, 2016

After big Chicago tax hike, 18 aldermen avoid major property tax increase, 5 pay less

Chicago's South Side
Is it any wonder that ordinary people are fleeing Chicago?

From the Chicago Sun-Times:
Three of every four property owners in Chicago have been hit with higher property taxes this year, a Chicago Sun-Times analysis shows — often thousands of dollars more and in some cases in the Loop and surrounding hot neighborhoods twice what they were last year.

That’s the result of a perfect storm of higher property assessments from Cook County Assessor Joseph Berrios and Mayor Rahm Emanuel’s $318 million tax hike, passed to shore up the city’s shaky finances and boost police and fire pension funds that for years have been shortchanged.

Eighteen of the city's 50 aldermen — including Ald. Patrick O'Connor, the mayor’s City Council floor leader who rounded up the votes to pass the tax increase last fall — staved off the hefty tax hikes, shifting a total of $19,484 in taxes to other property owners. Those aldermen, including several whose wards have seen real estate prices skyrocket, did that by convincing Berrios or the Cook County Board of Review to lower the estimated value of their homes or apartments.

Five of those aldermen — including four who voted against the tax hike — owe less than they did last year, even as most of their constituents pay more, the Sun-Times found in an analysis of the 882,965 tax bills sent to Chicago landowners. Monday is the deadline to pay.
Donald Trump is right. The system is rigged. Particularly in Barack Obama's hometown of Chicago. Where Hillary Clinton was born.

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