Property tax bills on the West Side are reaching unsustainable levels, leaving residents reeling. For many, including Tonya Reed and her husband, the increase is not only crippling their finances but also forcing them to consider drastic measures.
Reed's property tax bill more than doubled from $5,100 last year to $11,000 this year, causing a significant strain on her monthly mortgage payment. She is now paying around $2,400, which is an additional $500 per month. Her 22-year-old son in college is also being affected by the increased expenses.
"We're supposed to get an increase in our paychecks," Reed said at a community meeting hosted by Cook County Assessor Fritz Kaegi's office. "Do I pull him out of school just so we can keep a roof over our head?"
The median homeowner tax bill on the West Side has increased by nearly 133%, according to a report by the Cook County treasurer's office. This surge in property taxes is largely attributed to large commercial properties like retail and data centers, which have seen reductions in their tax assessments.
Residents are now struggling to make ends meet, with some questioning the accuracy of the assessed values. Dorothy Rosenthal, 65, from West Garfield Park, expressed skepticism about the value of her property after her basement flooded in 2023 and wasn't drained until 16 hours later. Despite this, her property tax bill increased by around $1,600.
"I don't think at 133%," she said. "Not after we suffered flooding that we never really recovered from."
The Cook County Assessor's Office is hosting emergency town hall meetings to provide assistance and guidance to affected residents. However, many feel that more needs to be done to address the issue of skyrocketing property taxes on the West Side.
As payments are due this Monday, residents are left wondering what they can do to alleviate their financial burden.
Reed's property tax bill more than doubled from $5,100 last year to $11,000 this year, causing a significant strain on her monthly mortgage payment. She is now paying around $2,400, which is an additional $500 per month. Her 22-year-old son in college is also being affected by the increased expenses.
"We're supposed to get an increase in our paychecks," Reed said at a community meeting hosted by Cook County Assessor Fritz Kaegi's office. "Do I pull him out of school just so we can keep a roof over our head?"
The median homeowner tax bill on the West Side has increased by nearly 133%, according to a report by the Cook County treasurer's office. This surge in property taxes is largely attributed to large commercial properties like retail and data centers, which have seen reductions in their tax assessments.
Residents are now struggling to make ends meet, with some questioning the accuracy of the assessed values. Dorothy Rosenthal, 65, from West Garfield Park, expressed skepticism about the value of her property after her basement flooded in 2023 and wasn't drained until 16 hours later. Despite this, her property tax bill increased by around $1,600.
"I don't think at 133%," she said. "Not after we suffered flooding that we never really recovered from."
The Cook County Assessor's Office is hosting emergency town hall meetings to provide assistance and guidance to affected residents. However, many feel that more needs to be done to address the issue of skyrocketing property taxes on the West Side.
As payments are due this Monday, residents are left wondering what they can do to alleviate their financial burden.