When state lawmakers pushed through a trio of tax breaks in spring 2017, the idea was to ease some of the financial pain caused by Mayor Rahm Emanuel’s series of major property tax hikes on Chicago homeowners, especially senior citizens.
The changes, however, also had an unintended consequence: Thousands of homes in south suburbs such as Harvey and Park Forest fell off the tax rolls, meaning those homeowners no longer pay any property taxes at all, and an even greater number are paying less.
While that’s good news for many, it’s also resulted in tens of millions of dollars in property taxes being shifted onto remaining homeowners and businesses. Please click here to read Hal Dardick’s story in the Tribune.