Chicago Public Radio
In this leading evening news segment, Civic Federation President Laurence Msall recounts the conclusions of the Federation's analysis of the 7% property tax exemption. He notes that if the "7% cap" is allowed to expire, median property taxes would increase by 43% for Chicago homeowners, while businesses would still see a property tax cut in most of Cook County if the measure is extended with the current maximum exemption of $20,000.