From Name: From Email: To Name: To Email: Optional Message: Why Chicago's Loop will survive property tax increases from REJournals 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. more 7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063