Cook County Treasurer's Office - 12/24/2020
The City of Chicago is increasing property taxes in 2021, Mansion Global reports.
Chicago residents pay some of the highest taxes in the U.S., and homeowners have seen rates increase steadily over the last two decades.
Total taxes on residential properties have jumped 164% since 2000, from $1.33 billion to $3.51 billion, according to a study released by Cook County Treasurer Maria Pappas in October. The cost of living has risen 36% during that time, the report found.
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