Cook County Tax Shock For Bed and Breakfasts : Taxes and Costs to do business could double or even triple before the year's end.

The Chicago Tribune reports:

Chicago bed-and-breakfast owner Kapra Fleming was baffled and shocked when she heard the news: Her taxes and costs to do business could double or even triple before the year's end.

That was in April, when she first learned that the Cook County assessor planned to reclassify all bed-and-breakfasts from residential to commercial property — potentially adding tens of thousands of dollars to their tax bills.

"The tax is so huge, I was concerned I had to go out of business," said Fleming, owner of the House of Two Urns in Wicker Park. "I could not afford an additional $3,000 to $4,000 a month."
B and B


Cook County Assessor Joe Berrios initially said the change would take effect last January.

Someone has to pay for those pensions.