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Those hoping for a gentle reassessment of downtown commercial property might be in for a rude awakening. 

She writes, "When I examined this supposed 'comp,' I saw it was a much bigger, fancier unit housed in a 21-year-old building. Remember, my building is 122 years old."

Residential property tax assessments in the city of Chicago could grow by more than 40% in 2024, which would cause property taxes to further skyrocket...

Residential owners carried the majority of the burden. 

"It's just a matter of time," said American businesswoman Meredith Whitney, regarding a potential crash of the hot housing market in the US. 

Home prices in Cook County and Chicago fell in September for the ninth consecutive month. However, in the microcosm of metro area Chicago prices continue to rise at the highest rate in the nation.