Mike Fourcher, who edits “The Daily Line,” writes in a weekend piece,
“This week Cook County Clerk David Orr announced that residential property taxes in Chicago will increase by an average of 10% for upcoming tax bills.
“That sounds like a big increase, but compared to other municipalities, the amount of property tax Chicagoans are paying on average is still less than other parts of Illinois.
“But expect the picture to get worse since, we should expect significant additional property tax increases with every coming year in the foreseeable future.”
Then he notes that a report by Cook County Clerk David Orr says,
“Chicago’s 10% average increase will mean about $363.15 more per homeowner.”
Think about that.
Multiple it by ten and you’ll see the average homeower’s tax bill in Cook County is $3,631.50.
Compare that to your own.
Orr’s report also reveals,
“On average, the 2016 property tax bill for a home with a market value of $200,000 would be:
- Chicago: $3,505.62
- North suburbs: $4,544.80
- South suburbs: $6,566.73”
With different words, I feel the song “Don’t Cry for Me Argentina” coming on.
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A related story is here.