There would be a $94 million property tax increase. The city estimates that hike would land at $56 more a year for Chicago’s median home value of $250,000. Chicago property taxes would increase each year based on the Consumer Price Index, under Lightfoot’s plan.
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October 21, 2020 at 11:23PM
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Here are 5 things to know about Mayor Lori Lightfoot's 2021 budget plan - Chicago Tribune
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