Kadner: Southland hit with highest tax rates
Ten of the poorest south suburbs are stuck with the highest property tax rates in Cook County.
Ford Heights ranks No. 1 on the list compiled by Cook County Clerk David Orr, with an astounding composite property tax rate of 31.8 percent.
Park Forest and Riverdale rank second and third with tax rates of 28.7 and 24.4 percent, respectively….
…“That’s devastating, just devastating,” said Ed Paesel, executive director of the South Suburban Mayors and Managers Association when asked about the impact of the property tax rates on the Southland. “Obviously, tax rates alone make it difficult, virtually impossible, to get economic development.”
Please click here to read Phil Kadner’s full story in the Southtown Star.