September 19, 2005
This report found that the "7% cap" resulted in an 11.5% total reduction in property tax owed by homestead exempt properties and a 4.5% increase for all other properties in Chicago, tax year 2003.
September 19, 2005
This report found that the "7% cap" resulted in an 11.5% total reduction in property tax owed by homestead exempt properties and a 4.5% increase for all other properties in Chicago, tax year 2003.