Fritz Kaegi, Cook County Assessor, joins Steve Dale to address the increase in property tax assessments for various neighborhoods across the city. He also speaks with some callers who express their frustrations with these changes. You can read more about these changes from a 2021 study here.
Why are homeowners seeing major rises in property taxes?
FAIRFAX, VA - DECEMBER 28: Residents wait in line to pay taxes at the Fairfax County Government Center December 28, 2017 in Fairfax, Virginia. Many people are pre-paying their 2018 property taxes before the end of the calendar year in an attempt to blunt the effects of the new Republican tax law's $10,000 cap on deductions for state and local taxes that will disproportionately affect higher-tax, Democratic-leaning states. (Photo by Chip Somodevilla/Getty Images)