The Chicago Sun-Times reports:
Also remember that Cook County reassesses property every three years, not annually. Chicago was reassessed in 2006, and notices sent out this year reflected the growth in property values in the boom years of 2003, 2004 and 2005. That explains why the median increase in Chicago assessments was a whopping 42 percent.Just think,a whopping increase to pay for a horrible public school system.A large percentage of Chicago residents don't mind higher and higher taxes,for nothing.
