Will Your Property Taxes Go Up Depends On How You Play The Game
In the days since Mayor Emanuel jacked up property taxes, I’ve been fielding calls from millennials wanting to know how much more they’ll have to pay. Last month, Mayor Emanuel got the City Council to raise the property tax levy—how much the city spends—by roughly $588 million. You might think that it would be as simple as this: if your assessed value goes up, your taxes go up. Oh, if it were that simple!...