Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, June 23
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Chicago homeowners frustrated as property tax bills continue to climb
    Property

    Chicago homeowners frustrated as property tax bills continue to climb

    November 16, 20254 Mins Read


    NEWYou can now listen to Fox News articles!

    Chicago homeowners are asking for answers as property tax bills continue to climb, with several residents saying they’ve seen little improvement in return.

    In Lawndale, a neighborhood on Chicago’s West Side, residents told ABC7 Chicago that despite higher property tax bills, little has changed on their streets, leaving them frustrated over where their money is going. Community leaders and the Lawndale Christian Development Corporation gathered citizens at a local church for what they called a “property tax bonfire,” the local station reported.

    “There’s been a divestment in this community for the most part, but it seems like now that people have found an interest in reclaiming the neighborhood, now it’s like we’re being taxed for prosperity,” Lawndale resident Milton Clayton told the outlet.

    RECORDS REVEAL CHICAGO MAYOR’S ‘GIFT ROOM’ WAS CONSTRUCTED AFTER INVESTIGATORS TURNED AWAY

    Aerial view of residential homes arranged in neat blocks across a Chicago neighborhood.

    Homes stand in a neighborhood in this aerial photograph taken over Chicago on Jan. 8, 2020. (Daniel Acker/Bloomberg via Getty Images)

    Thomas Worthy, another Lawndale resident, said he received a bill in mid-November that was $977 more than what he paid last year.

    “The tax increase is tied to a TIF that I have no idea why,” Worthy said. “It’s collecting money from our neighbors and our streets, but we’re not being notified for why it’s in the bill.”

    A TIF, or tax increment financing, is a funding tool that uses the increase in property tax revenue within a designated area to fund local redevelopment and infrastructure projects, according to the City of Chicago’s government website.

    “We understand utilities are going up and things of that nature, but it’s a valuation issue,” Worthy added. “We don’t have the schools we need. It’s economics that are not here, but we’re being charged to pay for economics in other people’s communities.”

    Large mural spelling

    The “Greetings from Chicago” mural brightens a street in the city’s Logan Square neighborhood on March 30, 2018. (Patrick Gorski/NurPhoto via Getty Images)

    CHICAGO MAYOR SAYS APPLICANTS FOR FLOOD RELIEF NEED NOT REVEAL IF THEY’RE IN THE US ILLEGALLY

    The Illinois Policy Institute, a nonpartisan research organization, found more than half of a Chicago homeowners’ property tax bill goes to Chicago Public Schools.

    “Illinoisans pay the second-highest property tax rate in the U.S., shelling out about 2.07% of their property’s value each year. That’s more than double the national rate,” the organization noted. “It’s even worse in Cook and the collar counties. Cook County in 2022 ranked among the nation’s 100 most expensive for property taxes, with property taxpayers spending more than the typical homeowners in California’s Orange County, Los Angeles County or San Diego County.”

    Chicago Mayor Brandon Johnson is facing pushback from City Council members over his proposal to extract a record $1 billion from TIF districts to balance his $16 billion 2026 budget, The Chicago Tribune reported in late October.

    The proposal would draw funds from 68 of the city’s 108 TIF districts, including several on the South and West Sides, raising concerns among aldermen about potential delays in long-promised neighborhood improvements.

    PARENTS BLAST BLUE STATE GOVERNOR FOR EXTENDING STUDENT FINANCIAL AID TO ILLEGAL IMMIGRANTS

    Supporters say the move would shore up city finances and boost school funding.

    Brandon Johnson speaks on Capitol Hill on March 5, 2025

    Mayor Brandon Johnson testifies during a House Oversight and Government Reform Committee hearing on sanctuary cities, at the U.S. Capitol, on March 5, 2025, in Washington, D.C. (Graeme Sloan for The Washington Post via Getty Images)

    CLICK HERE TO DOWNLOAD THE FOX NEWS APP 

    Cook County Treasurer Maria Pappas said at a Chicago Rainbow PUSH Coalition event Saturday that homeowners can find property tax bill payment plans for up to 13 months.

    “You do not have to pay your bill on Dec. 15,” she told residents. “You hear that? You don’t have to pay it. Let me tell you why. We went to Springfield last year and set up a payment plan.”

    Ashley Carnahan is a writer at Fox News Digital.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleProperty industry missing from Renters’ Rights Act timetable announcement
    Next Article ‘Complex’ property rights could stymie plans to remove domestic abusers from homes – The Irish Times

    Related Posts

    Property

    Proposal to reduce property transfer tax to 4% in Sark

    June 21, 2026
    Property

    2 sentenced for arson on property linked to British PM Keir Starmer

    June 19, 2026
    Property

    Plans to end gazumping with binding agreements in house sale reforms

    June 19, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Trader Outlines Path Forward for Altcoin That’s Up Over 800% in a Week, Sets Targets for Bitcoin and Ethereum

    October 19, 2024
    Investing

    Oman Oil Terminal Attack Rattles the Market’s Last Calm Corner

    June 5, 2026
    Finance

    Finance bosses sound alarm over Westminster ‘psychodrama’ as political turmoil fuels market uncertainty

    May 15, 2026
    What's Hot

    Bitcoin, Ethereum Price Rally ‘Halfway’ as Options Traders Look to Year-End Push

    September 14, 2025

    How much money do you REALLY need to be happy? And is it too late to start saving in your 50s? Finance expert MORGAN HOUSEL reveals the answers

    November 15, 2025

    Stocks recover amid Middle East war uncertainty; pound below $1.33 By Investing.com

    March 13, 2026
    Most Popular

    Markets Riding Optimism Into Weekend Amid Fragile Peace Talks

    April 9, 2026

    Utilities are planning to bury power lines after the LA fires. Should they?

    April 22, 2025

    JPM cautious on European utilities as carbon pressure builds; prefers select stock By Investing.com

    February 20, 2026
    Editor's Picks

    The Supply Side: Helios AI to help Walmart with forecasting for agri commodities

    February 26, 2025

    Auramet secures $350m syndicated revolving credit facility led by Macquarie Group

    June 25, 2025

    Essex Property Trust, Inc. : Evercore ISI maintient son opinion neutre

    June 9, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.