The Connected Game
- Three of every four property owners in Chicago have been hit with higher property taxes this year, a Chicago Sun-Times analysis shows — often thousands of dollars more and in some cases in the Loop and surrounding hot neighborhoods twice what they were last year.
That’s the result of a perfect storm of higher property assessments from Cook County Assessor Joseph Berrios and Mayor Rahm Emanuel’s $318 million tax hike, passed to shore up the city’s shaky finances and boost police and fire pension funds that for years have been shortchanged.
Eighteen of the city’s 50 aldermen — including Ald. Patrick O’Connor, the mayor’s City Council floor leader who rounded up the votes to pass the tax increase last fall — staved off the hefty tax hikes, shifting a total of $19,484 in taxes to other property owners. Those aldermen, including several whose wards have seen real estate prices skyrocket, did that by convincing Berrios or the Cook County Board of Review to lower the estimated value of their homes or apartments.
This is something the media ought to be harping on every single year - the double standard by which the connected avoid and evade paying what most of their neighbors end up eating.
Labels: city politics