Property taxes, driven by TIF districts and school funds, outpace inflation and wages: county treasurer study
Property taxes outpaced inflation and grew “well above wage growth” during the last 30 years, taking pictures up practically 182%, in keeping with a new report from the Cook County Treasurer’s workplace. The county’s property tax levy has elevated from $6.8 billion in 1995 to $19.2 billion in 2024, or twice the speed of inflation,…