Yet Another Reason Property Taxes Suck

Cook County homeowners just finished paying property taxes for last year, but some may be paying more than their fair share. That’s because the county assessor’s office has misclassified hundreds of properties, missing out on at least $444 million in value and unfairly shifting the tax burden, according to a new investigation by the Chicago Tribune and Illinois Answers project. Reporters A.D. Quig and Alex Nitkin explain how luxury homes end up getting taxed like vacant lots, what this means for individual tax bills, and why this matters for government financing. Some good news: Astronomy in the Parks If you enjoyed today's interview with Revolution Brewing's Founder, Josh Deth, learn more here. Want some more City Cast Chicago news? Then make sure to sign up for our Hey Chicago newsletter.  Follow us @citycastchicago You can also text us or leave a voicemail at: 773 780-0246 Learn more about the sponsors of this Aug. 12 episode: Paramount Theatre — Save $5 with code CityCast. Steppenwolf Theatre Wastenot — Use code citycastcompost to test the service with a free month. Become a member of City Cast Chicago. Interested in advertising with City Cast? Find more info HERE