Most Cook County property owners will see a larger tax bill this year, but owners in gentrifying Latino neighborhoods in Chicago will see some of the biggest hikes.
On the Lower West Side, property owners saw their median tax bill more than double, from $2,275 to $7,239, according to the analysis.Those increases could price out many people from their homes.
Meanwhile, several neighborhoods saw median decreases in property tax bills. In West Garfield Park, homeowner taxes dropped nearly 45%. online in November. Paper bills begin arriving in mailboxes Thursday.The analysis found that property taxes rose by $614 million — a 3.8% increase — for a total of $16.7 billion. The money pays for schools, public safety, medical care, parks, libraries and other government services. Tax bills have been rising each year in Cook County for 22 years.
“They need to find another way to fund schools other than property taxes,” Pappas said. If this continues, people will begin to leave,” she said.
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