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20-Year Study Shows Chicago’s Increasing Property Taxes

20-Year Study Shows Chicago’s Increasing Property Taxes

The Cook County Assessor completed a 20-year study that demonstrated the increase of Chicago property taxes since 2000. 

The study looked at residential and business property taxes. It also compared the increases among Chicago’s 50 wards.

Here are a few highlights:

  • Residential property tax bills increased by 116%

  • Commercial property tax bills increased on 81%

  • Pilsen property taxes increased (on average) 257%

  • Lincoln Park property taxes increased (on average) 129%

  • West Loop property taxes increased (on average) 322%

  • Wrigleyville property taxes increased (on average) 127%

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