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Property-tax bills rising while home values falling, Civic Federation says

Posted on September 23, 2011

Crain's Chicago Business

In this blog post, Greg Hinz discusses the findings of the Civic Federation's report on effective property tax rates in Northeastern Illinois. The 2009 effective rates for nearly all communities in the six-county area were higher they were ten years before, except in the City of Chicago. Effective tax rates for residential properties in Chicago were 1.4% lower in 2009 than in tax year 2000.