Illinois Legislature Paves Way for More Chicago Property Tax Hikes
Right before the start of the long 4th of July weekend, the Illinois Legislature passed and Governor Bruce Rauner signed into law a stopgap budget that provides a year of funding for the state’s public elementary and secondary schools and six months of financing for higher education, social service agencies, state operations and capital projects.
Chicago Public Schools (CPS), the clear winner in the deal, will receive $100 million of a $250 million statewide poverty grant targeted to low-income school districts. Who will pay for this? If you own a home in Cook County, it’s you and the only relief you have is to appeal your property taxes.
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Republican presidential hopeful Donald Trump has garnered much negative press coverage over his alleged avoidance of paying his fair share of Cook County property taxes. The 
The National Taxpayers Union has estimated that as many as 60% of taxable properties in the United States are over-assessed, but fewer than 5% of property owners nationwide challenge their assessments.
On June 13, the Cook County Clerk’s office released 2015 property tax rate figures for the whole county.
Commercial property owners in Chicago are still reeling from Mayor Rahm Emanuel’s $588 million property tax increase, which will be phased in over four years. As Crain’s Chicago Business 
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