News Flash! Property Taxes, Costs Burden Chicago
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“The Roosevelt University report points to an inescapable fact: Illinois’ dependence on property taxes, especially to bear the primary burden of school funding, puts Chicago at a competitive disadvantage when compared to other cities and jeopardizes Chicago’s long-term economic prospects,” members of BOMA/Chicago caution in the report’s introduction.
According to the study, Chicago had the highest property taxes during the past ten years, with an average of $6.98 in taxes per sf. This compares to $5.31 per sf for New York, $2.78 per sf for Dallas, $2.40 per sf for Atlanta and $1.98 for Los Angeles."
More from Globe St.
.
“The Roosevelt University report points to an inescapable fact: Illinois’ dependence on property taxes, especially to bear the primary burden of school funding, puts Chicago at a competitive disadvantage when compared to other cities and jeopardizes Chicago’s long-term economic prospects,” members of BOMA/Chicago caution in the report’s introduction.
According to the study, Chicago had the highest property taxes during the past ten years, with an average of $6.98 in taxes per sf. This compares to $5.31 per sf for New York, $2.78 per sf for Dallas, $2.40 per sf for Atlanta and $1.98 for Los Angeles."
More from Globe St.
.
posted by gf at 5:20 AM
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