Now, the residential properties account for 37 percent of the total assessed value, with commercial properties making up the remaining 63 percent. In 2018, residential properties made up 48 percent of the total assessed value in the eight Chicago townships and commercial properties made up the remaining 52 percent. Kaegi has said that his predecessor Joe Berrios had a history of undervaluing commercial properties, which placed a larger tax burden on homeowners. 62 Feels Like W 8mph Wind 78 Humidity More Weather CBS News Chicago Watch Live 24/7 Weather Chicago First Alert Weather: Get ready for the 80s 4H ago 03:54 Radars & Weather Maps CBS. Read moreĬommercial property owners have seen their assessments increase recently under Cook County Assessor Fritz Kaegi. 12:30 PM The Young and the Restless New Victor points Nick in the right direction Audra sets her sights on Kyle Summer gives Diane a reality check. Chicagos Office of Emergency Management says to expect heavy traffic and route diversions around Grant Park. ![]() Kaegi has said that his predecessor Joe Berrios had a history of undervaluing commercial properties, which placed a larger tax burden on homeowners. 12:00 PM CBS 2 News at 11:00AM New The CBS 2 News Team presents the latest news along with sports, weather and traffic. The product, dubbed '2-4-1,' will carry a list price of S8.9S, joining CBS at this price point, which is the lowest among the four labels currently offering. Nationally, prices are rising 5.4 percent, higher than the 4.5 percent in Chicago.Ĭommercial property owners have seen their assessments increase recently under Cook County Assessor Fritz Kaegi. ![]() The increase was based on the national inflation rate instead of a local one that some economists say makes more sense. Mayor Lori Lightfoot’s budget, passed in October, raised property taxes $23 million for homeowners. driving the long-term growth of viewership and digital traffic in key demographics. One of my close family friends Danielle Sorresso is trying out and we submitted this 30-second video for the contest. ![]() Property taxes have been a point of focus lately in and around Chicago. Currently serving as President and General Manager of CBS 2 Chicago. The CBS 2 News Team presents the latest news along with sports, weather and traffic. 12 years ago Giancarlo Iannotta CBS 2 Chicago is on the search for a new traffic reporter. By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.
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