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Family's Chicago property taxes increase 440 percent; small apartment complex in bankruptcy danger
WLS-TV Chicago ^ | December 15, 2022 | Jason Knowles and Ann Pistone

Posted on 12/16/2022 9:13:13 AM PST by george76

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1 posted on 12/16/2022 9:13:13 AM PST by george76
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To: george76

Somebody in City Hall, or a friend of same, wants that property............


2 posted on 12/16/2022 9:15:56 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: george76

Good old government. Always has your best interest in mind, right comrades!?


3 posted on 12/16/2022 9:16:14 AM PST by vpintheak (Live free, or die!)
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To: george76

But it’s a Demonrat county in a Demonrat State, SO WHAT! you voted for it, enjoy it


4 posted on 12/16/2022 9:17:30 AM PST by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: george76

Under that financial strain, I suspect that some needed maintenance of the gas or electrical systems might be sacrificed.

And a stray spark may hit some stray gas.


5 posted on 12/16/2022 9:17:38 AM PST by Scrambler Bob (My /s is more true than your /science (or you might mean /seance))
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To: george76

End the Property tax

It’s a relic of Feudalism


6 posted on 12/16/2022 9:19:08 AM PST by Regulator (It's fraud, Jim)
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To: Red Badger

ValJar? Obama?


7 posted on 12/16/2022 9:19:27 AM PST by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
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To: gundog

Some guy named Rahm?..............


8 posted on 12/16/2022 9:21:15 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: george76

> “Financially it’s putting the building in bankruptcy,” Markellos said. <

That’s probably the whole idea.


9 posted on 12/16/2022 9:26:04 AM PST by Leaning Right (The steal is real.)
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To: george76

Somebody’s gotta pay for that expensive and corrupt bureaucracy.


10 posted on 12/16/2022 9:28:10 AM PST by Starboard
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To: eyeamok

Exactly! Elections have consequences — and costs.

I wonder how many people will exit the blue states and cities next year?


11 posted on 12/16/2022 9:30:10 AM PST by Starboard
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To: george76

What, you don’t like Littke Lori’s tax increases? Dat’s RACISS.


12 posted on 12/16/2022 9:31:26 AM PST by VideoPaul
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To: george76

What, you don’t like Littke Lori’s tax increases? Dat’s RACISS.


13 posted on 12/16/2022 9:31:49 AM PST by VideoPaul
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To: george76

Highway robbery by the King. At a time of housing shortages everywhere, they raise the taxes to the point that it would be more cost effective to just raze the apartment building to the ground and sell it to a commercial developer (if there is such a thing left in Chicago) who wants to build a new convenience store for the thugs to rob twice a week.


14 posted on 12/16/2022 9:32:35 AM PST by CFW
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To: Regulator

Property taxes mean you don’t really own it, and gives the GVT a way to take it from you.

Also, people that don’t think they pay property taxes vote to increase property owners’ taxes.


15 posted on 12/16/2022 9:34:16 AM PST by where's_the_Outrage? (Drain the Swamp. Build the Wall.)
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To: Red Badger

“Somebody in City Hall, or a friend of same, wants that property...........”

Yup.


16 posted on 12/16/2022 9:44:21 AM PST by ought-six (Multiculturalism is national suicide, and political correctness is the cyanide capsule. )
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To: where's_the_Outrage?

On the second point: this is why property tax should be broken out on the monthly rent.

Show the renter where his money is actually going, and presto, they get tax conscious.


17 posted on 12/16/2022 9:46:13 AM PST by Regulator (It's fraud, Jim)
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To: ought-six

Will be foreclosed on for nonpayment of taxes and sold for pennies on the dollar, demolished and a new multimillion dollar condo will be built on its site..............


18 posted on 12/16/2022 9:48:17 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: george76

As the economy sours, more tax hikes will occur.

Because public sector spending almost always increases, new revenue will be found.


19 posted on 12/16/2022 9:49:09 AM PST by redgolum (If this is civilization, I will be the barbarian. )
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To: george76
The new feudalism rises, with government asserting ever larger "share" in property.

On the other hand, couldn't happen to a nice electorate than the one which has burdened Chicago with that "progressive" mayor.

20 posted on 12/16/2022 9:49:42 AM PST by Worldtraveler once upon a time (Degrow government)
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