Posted Mar 5, 2022, 3:02 PM
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Plenary pleasures.
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Join Date: Oct 2004
Location: CHI/MRY
Posts: 4,680
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Quote:
Originally Posted by the urban politician
Your analysis is fine but there is one huge factor you are missing.
Chicago’s property taxes are hugely unstable and can swing WAY up in one year. It can be catastrophic for families. You just won’t see a sales or income tax increase that can wield so much damage.
There are people seeing their property tax going up by double in just one year. Imagine paying $10,000 and then paying $20,000 the following year, with no end in sight.
Property taxes need to be contained.
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I’m gonna need more information on that.
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