CHICAGO (WBBM NEWSRADIO) -- The Cook County Treasurer’s Office is out with analysis showing that inequities in the area’s property tax system still abound with some black and brown neighborhoods it the hardest.
The Cook County Treasurer’s Office expects to collect more than $16 billion in property taxes this year. That’s more than half a billion more than last year.
An analysis of nearly two million property tax bills sent out by Treasurer Maria Pappas shows that property taxes increases have been hitting largely African-American and Latino suburbs the hardest. The analysis shows such communities are six of the top 10 areas with the largest tax hikes.
In the south suburbs, which already have higher taxes than other parts of Cook County, the treasurer’s analysis shows residents are paying three to five times as much in property taxes as the owners of equally valued homes in Chicago.
Maria Pappas is quoted as saying inequities in the property tax system persist, particularly for businesses and Black and Latino property owners.
The analysis also shows commercial and industrial property owners in Cook Country are carrying a heavier share of the increased tax burden. It should be noted that some regular Democrats and businesspeople have been critical of Assessor Fritz Kaegi, who has vowed to make the system more equitable.