Property taxes in Chicago area continue to rise, as does resentment

Governmental overreach.

 

Politicians can’t afford to ignore growing public resentment of excessive property taxes, a powder keg that needs only a spark to explode into a full-fledged tax revolt with unpredictable consequences.

What did they expect?

Later: Dear old Oak Park has led the way:

For a glimpse of what’s to come for much of metropolitan Chicago, look to west suburban Oak Park, where property tax bills often exceed $10,000 and can range far higher. Home sales in Oak Park fell 22 percent in the first half of 2019, median selling prices dropped nearly 12 percent and houses sat on the market almost 40 percent longer than they did in the first six months of 2018. As Rodkin reported, Oak Park realtors blame sky-high property taxes for sending buyers elsewhere.

Beware.

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