Chicago’s Black neighborhoods are being hit the hardest in property tax bills, as the value of homes on the South and West Sides bounce back more than a decade after the Great Recession, according to an analysis by the Cook County Treasurer’s Office.
Lower tax revenues and the slow economic recovery of Chicago’s business district in the Loop downtown has shifted that tax burden to homeowners on the South and West Sides, Cook County Treasurer Maria Pappas said in her report.
Most neighborhoods on the North Side are paying property tax increases up to 20 percent. But most neighborhoods on the South and West Sides are seeing higher percentage increases on their property tax bills…