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Property taxes soar nearly 20 percent in South Suburbs

July 29, 2024 | Calumet City, Cook County, Illinois



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Property taxes soar nearly 20 percent in South Suburbs
Residents of the South Suburbs are facing a significant financial burden as property taxes have surged nearly 20%, marking the largest increase in three decades, according to a recent analysis by the Cook County treasurer's office. This unprecedented rise has prompted local officials, including Calumet City leaders, to address the concerns of their constituents.

During a recent government meeting, Calumet City officials emphasized that the city has not raised taxes in over four years and is not responsible for the reassessment that has led to the steep tax hikes. City leaders expressed frustration over the situation, particularly as they, too, are affected by the increased tax bills. They pointed fingers at Cook County Assessor Fritz Keggie, asserting that the responsibility for the reassessment lies solely with his office.

In a bid to advocate for residents, Calumet City officials announced plans to demand an explanation from Keggie regarding the reassessment process, particularly the shift of tax burdens from business owners to residents. Furthermore, they are considering filing a class action lawsuit against Cook County and Keggie, urging other communities to join in this legal action to seek a reassessment of their areas.

Additionally, officials are exploring legislative options in Springfield to establish a flat tax rate for communities experiencing financial strain. They are also looking into the possibility of extending property tax payment deadlines to alleviate immediate financial pressure on residents.

As the community grapples with these challenges, local leaders are committed to advocating for their residents and seeking solutions to the rising property tax crisis.

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