Paul L. Caron
Dean



Sunday, November 1, 2009

Chicago Property Taxes Increase 9.6%; Obama's Property Tax Increases 1.0%

Obama-home-chicago The Chicago Sun-Times reports that property taxes in Chicago have increased an average of 9.6% this year.  The property taxes on President Obama's home at 5046 South Greenwood Avenue increased 1.0%. Other Chicago politicians with below average property tax increases include:

  • Alexi Giannoulias (Illinois Treasurer):  1.0%
  • Richard Daley (Chicago Mayor):  3.5%
  • Rahm Emanuel (President Obama's Chief of Staff):  3.7%
  • Lisa Madigan (Illinois Attorney General):  4.4%
  • Dan Hynes (Illinois Comptroller):  4.9%

https://taxprof.typepad.com/taxprof_blog/2009/11/chicago-property.html

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Comments

Wow, how convenient. And why do the citizenry put up with 40+% taxation?

Why is there no calls for "no taxation without representation" while our political leaders give out trillions to banks while real people lose their homes to the same banks.

Why are the people so ignorant and frightened to rebel now when the conditions that cuased the first USA revolution were far more leisurely than the yoke upon our necks now. Now the queen taxes us whatever she wants while her little con man Obama convinces all the sheep that they should be giving more.


patriotsquestion911.com

The whole system is corrupt beyond repair

Posted by: F all liars | Nov 1, 2009 9:36:01 AM

Well whaddaya know! Probably nothing more than random errors that just happened to be in their favor, I'm sure!

I mean, these are PUBLIC SERVANTS we're talking about here---they spend their spare time thinking up ways they can help their citizens!

It's so good to live in a country that not only talks the talk, but walks the walk by living up to that democratic, Christian ideal of fair play that we so strongly encourage (and even invade to deliver to other sovereign nations).

Yes, my friends....it's so GOOD to be FREE! Wouldn't it suck to live in some corrupt, unfair country where the leaders were lying, sociopathic, war-monger scum-bag elitists who only cared for their own power & prestige and were willing to mistreat the masses for the benefit of the top 1% of their twisted power-pyramid?! That would totally blow!!! GO USA!!!

Posted by: The End | Nov 1, 2009 12:58:05 PM

Shocked! The Ghost of Al Capone

Posted by: Ashen | Nov 1, 2009 3:30:00 PM

Just crooked to the core. How is this surprising?

Posted by: James Kidder | Nov 1, 2009 3:31:52 PM

Gee, I wonder if there is a connection?

Posted by: Buck O'Fama | Nov 1, 2009 3:34:15 PM

While there probably is politics involved here, the article would have been better and more meaningful if these tax increases were compared with houses of the same value and neighborhoods. As it is, it might be completely meaningless...other than the people who are pushing for higher taxes ought to be the ones who get to pay the higher taxes.

Posted by: eddie | Nov 1, 2009 3:37:14 PM

Well, I'm originally from Illinois, and I can tell you, "I'm shocked! Shocked!!" at such goings on. Why, Illinois pols are supposed to have to pay taxes at all.

Posted by: JorgXMcKie | Nov 1, 2009 3:53:18 PM

Can't get concerned about that.
If these fools continue to vote for these people knowing how crooked they are, then that's what they deserve. At least the rest of us are waking up to the one Chicago politician we CAN do something about. I guess it's one more facet of the overall picture we are getting

Posted by: Gary Thomas | Nov 1, 2009 4:01:11 PM

Hmmm. I live on the North Side of Chicago, near the lake. Yuptown, it should be called. Just got my real estate tax bill. It went up about one percent. Basically, no change. I didn't realize I was politically connected...

Of course, the actual "value" of my house - by "value," of course, I mean "what I might could sell it for"- is down about fifteen or twenty percent. But it doesn't follow that my tax bill should go down. That would be true only if everyone else's property had not lost "value." If the "value" of everyone's house goes down at the same rate, and the city budget stays the same, then taxes should remain the same.

If you read the Sun-Times story, it appears that the reason for the "increase" is the phasing out of a credit against the taxes. So...it seems likely that taxes did not actually go up, but rather, that the subsidy against those taxes is less than it used to be.

Hard to tell in Chicago. The tax system has been set up with what can only be regarded as a deliberate attempt to hide what is really going on. Oddly enough, speaking as a conservative, I don't think that my real estate tax bill is too high. It's actually significantly less than my friends in the suburbs pay for houses worth about the same amount of money. What's too high in Chicago is the sales taxes.

Posted by: puditius | Nov 1, 2009 4:04:12 PM

Well, having a president with tanking popularity brings down property values.

Posted by: Buford Gooch | Nov 1, 2009 4:11:52 PM

He's probably not going to be an Obamacare participant either. I also have it on good authority that he exhales pure Oxygen, so he'll also get a break on Cap and Trade.

Posted by: juvat | Nov 1, 2009 4:15:30 PM

Taxes are for little people. I wonder if they will even bother to pay these puny increases.

Posted by: betheweb | Nov 1, 2009 4:26:03 PM

As a life long Chicago area resident my reaction is - why is this even worthy of a mention. I'm not saying that it is right (it is obviously wrong - and most likely illegal) but it is also the "Chicago Way". And now that we have a Chicago pol and a bunch of his cronies in the White House I'm afraid that the rest of the country is going to get introduced to the "Chicago Way" in a big way. God help us.

Posted by: Chip Wiley | Nov 1, 2009 4:53:15 PM

Racist!

Posted by: Saxon | Nov 1, 2009 5:01:46 PM

Membership has its privileges......

Posted by: MarkJ | Nov 1, 2009 5:32:35 PM

this is a very very misleading article and misleading post. Obama didn't claim the homestead exemption, so when the exemption is phased out, it obviously doesn't affect him as much (because he was paying more when the rest of Chicago was paying less).

Posted by: anon | Nov 1, 2009 6:03:20 PM

So they've got a complex propery tax calculation, but they tried to give middle-cass people a break.
Now that that break is sun-setting it may look like the middle class are being S****ed while the rich skate, but remember that the rich have been paying the higher rate all along, hence they get no tax increase...

Posted by: Douglas2 | Nov 1, 2009 6:38:02 PM

The ONLY people still in support of this/these scumbags...would vote for any radical dictator you stuck in front of them with a (D) next tot heir name.

The only people you see in support of him besides them...are paid to go out to all of these blogs and attack and spread more false propaganda.

Bought & Paid for...enjoy it, the gravy train is about to depart for it's last hurrah!

Posted by: Obamunisto Hater | Nov 1, 2009 6:50:19 PM

Paul, I'm not sure you understand the way the system works in Cook County and in Illinois. my personal tax bill (northern cook county) was up 26%. But the actual assessed value was unchanged. The primary reason was the phase out of a temporary increase in the homeowners exemption. Obama's tax would have been much higher than mine (3 or 4 times I would bet), so the $600 my tax went up would represent a much bigger percentage than his.

Posted by: D Palmer | Nov 1, 2009 7:45:33 PM