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Article: Property Tax Payers Are Treated Unfairly
- Article from:
- Chicago Sun-Times
- Article date:
- March 14, 1994
CopyrightCopyright 1994 Chicago Sun-Times. (Hide copyright information)
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Bravo to Mark Hornung's Feb. 23 column "Unfair Tax System Irks
Businessman" for revealing bureaucratic buffoonery at its rawest in
Cook County's property tax system.
As Chicago property owners we have housed dozens of growing
businesses since 1970. After we weathered five reassessments, the
last 1991 reassessment almost put us out of business. Fortunately,
we received some relief in our property tax appeal, unlike Joe
Hodges, whom Hornung wrote about.
Hodges' ordeal is a property owner's worst tax nightmare! In
1992 he bought his property for $120,000. After the 1993
reassessment, followed by an appeal to the assessor, the market value
was reset at $270,800. Based on that inflated ...