If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
Cook County’s population has dropped by 2,030 since 2011, driven by the out-migration of over 230,000 residents, on net.
Residents of Chicago’s collar counties pay the highest property taxes in the state – and some of the highest in the country.