K-12 Tax & $pending climate: Chicago Property Taxes up 155% in 10 years
People need to understand how incredible Johnson’s proposed property tax increase is (the one he promised multiple times wasn’t coming).
The current levy for Chicago is $1.73B.
The proposed increase is $457M, bringing the total up to $2.19B.
That is a 26% increase in your property taxes.
It gets worse:
In 2014 the levy was $859M. If Johnson’s increase goes through, that means Chicagoans’ property taxes have risen 155% in 10 years.
