It’s been a bad decade for property taxes

As the real estate market continues its slow recovery here, the share of your home or office value that you pay in property taxes finally has begun to stabilize and, in some cases, drop.

But it’s still a lot higher than it was a decade ago, according to a new report issued by the Civic Federation.

And although residential owners in Chicago proper are still somewhat better off than their suburban peers, the city advantage is melting away, as higher taxes, pushed through by Mayor Rahm Emanuel to pay off old pension debts, kick in.

Click HERE to find out more in this Crain’s Business article published January 9, 2019.