The Chicago Sun-Times ran an column by Dan Mihalopoulos earlier this month pretty much making fun of Republican Cook County Commissioner Sean Morrison for leading the fight against the pop tax, but not paying his property taxes on time.
No reason was offered for the overdue real estate tax bill, but there was revealing information about its amount and what Morrison paid for his 3,300 square foot Palos Park home.
The price was $715,000 in 2008.
His unpaid tax bill is $5,403.11.
So that made the effective tax hike is 0.76%.
You can calculate your effective tax rate by dividing the value of your home into your tax bill.
Maybe Morrison took all the toilets out of his residence, just like J.B. Pritzker?
You can’t make this shi* up
That evil leprechaun Mike Madigan had Mihalopoulos’ property tax bill “fixed”, if you know
what I mean.
$8000 (RET) divided by $265,000 (home value)= 3%
His $715000 home in 2008 has a market value of about $450000 now.
Everybody got gored in the real estate market collapse.
Charles? That does nothing to explain why his tax bill is so insanely low compared to mine.
My tax bill is almost equal to his yet my home is valued at less than a quarter of his.