Homeowners in some of the city’s most affordable neighborhoods may be surprised to see a spike in their property tax bills that were mailed out Friday.
Residential property tax bills are rising fastest in Black neighborhoods on the South and West sides as the county’s tax burden shifts away from the economically depressed Loop, according to a report from the Cook County treasurer’s office.
The Sun-Times broke the news in March that the property tax burden had shifted from the Central Business District to neighborhoods. Cook County Treasurer Maria Pappas’ report, released Monday, gets specific about how that shift has hit minority neighborhoods hardest…