Quote:
Originally Posted by Steely Dan
but i was expecting that to happen this year.
every media outlet in town was talking about how huge tax jumps were coming to northside property owners, and then i get a $1,300 tax decrease!?!
it's not that my property taxes didn't go up that was so shocking to me, it's that they actually went DOWN (by a lot!), when all we heard on the northside was "expect big tax increases this year". WTF?
maybe lincoln square isn't really part of the northside?
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I guess my read of what's been out there was that the brunt of the pain was going to go to commercial landlords because of the formula change that followed the shift from Berrios to Kraegi.
Also, each area gets "reassessed" every 3 years. Often when that happens you'll see a big jump in taxes like what happened in E. Lakeview. I really have no idea when your particular neighborhood is up for reassessment. Anyhow, that's my very basic understanding of how this whole esoteric thing known as Cook County property taxes works...