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%
Housing prices dipped to start 2023; new data show 99.5% of properties hitting asking prices
June 16, 2023
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Chicago sales fell by a mere 1.5% after the dip in the early months of 2023. In the week of April 30, Cook County homes on average sold for 99.5% of their asking prices, according to online real estate marketplace Redfin.