After Decades In Wicker Park, Senior Homeowners Forced Out By Skyrocketing Property Taxes: ‘This Neighborhood Has Broken My Heart’
Tuesday, March 23, 2021
Cook County Assessor Fritz Kaegi, who took office in 2018, said residents are suffering from years of “distorted” assessments. Half the county’s commercial properties are under-taxed, he said, which shifts the burden onto residential property owners.
Kaegi wants to force more transparency from commercial property owners to ensure they’re paying their share.
“It’s not fair if you buy a home and your tax bill is going up and you’re forced out of the neighborhood,” he said. “We are making the system more equitable by making sure everyone is equally assessed.”