South Suburban Homeowners Face Record Property Tax Increases
Cook County's new assessments lead to the largest tax hikes in nearly three decades, disproportionately affecting lower-income communities.
- Median property tax bills in the south suburbs rose by 19.9%, the highest increase in 29 years.
- Homeowners in towns like Phoenix and Dixmoor saw their tax bills more than double.
- The reassessment process and successful commercial property appeals have shifted the tax burden to residential properties.
- Local officials and residents are calling for policy changes and more equitable assessment practices.
- Many low-income homeowners are struggling to keep up with the rising costs, leading to increased financial stress.