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Podcast: City Cast Chicago
Episode: Yet Another Reason Property Taxes Suck
Description: Cook County homeowners just finished paying property taxes for last year, but some may be paying more than their fair share. That’s because the county assessor’s office has misclassified hundreds of properties, missing out on at least $444 million in value and unfairly shifting the tax burden, according to a new investigation by the Chicago Tribune and Illinois Answers project. Reporters A.D. Quig and Alex Nitkin explain how luxury homes end up getting taxed like vacant lots, what this means for individual tax bills, and why this matters for government financing.Some good...