Why Chicago's Loop will survive property tax increases
Property tax bills are hitting Chicago mailboxes, and taxpayers are up in arms. The skyrocketing rates are a by-product of the record $588 million property tax increase passed last fall by the Chicago City Council. Though increases are never welcomed by taxpayers, downtown properties are shouldering a substantial portion of that sum, so Chicagoans can thank Loop landlords that those increases aren’t even higher.
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