Sky-high sale of NONCOMPARABLE neighborhood property resulted in 70% property tax hike for Axios journalist ... Great example of why homeowners should always scrutinize their assessments by appealing
March 05, 2024
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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.
Cook County real estate: Home prices falling in everywhere but metro Chicago, where the increase is dramatic
October 06, 2023
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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.
Suburban owners catch brunt of spiking Cook County property taxes, reporters Treasurer's Office
August 11, 2023
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New data released by the Cook County Treasurer show suburban home and business owners taking disproportionate share of $610 million in additional property tax paid in 2022.
Property tax values in Oak Park jump 30% with the reassessment ... but Assessor Kaegi's own home (in the Township) assessment went DOWN
July 19, 2023
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In a suspect development, Cook County Assessor Fritz Kaegi's home assessment fell by 5% while Oak Park assessments jumped by 30%