Early in 2019, a real estate website predicted that Chicago's housing market would be one of the nation's worst over the next year, City Journal reports. Chicago-area home prices, among the slowest to recover from the 2009 housing recession, are suppressed by various factors, including escalating property taxes.

Now it's clear from a new study just how much of a burden those taxes have become.

The study, by Cook County Treasurer Maria Pappas, found that residential property taxes in Chicago have risen, on average, by 164 percent over the past 20 years, while inflation increased by 36 percent in the greater Chicago area and wages grew by 57 percent during that time.

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