Not the first daylight robbery, but a good one
I’ve long considered Dominic Frisby, perhaps the only working comic who’s also a financial writer, to be a Georgist. Several years ago he posted a nice video explaining the land value tax. Now he’s...
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Clobbering fairness more accurately
Where fairness comes from: Cook County Board Pres. Toni Preckwinkle; Illinois House Speaker Michael Madigan (credit: WBEZ CC BY-NC 2.0 and Wikipedia) We have a new North Suburban Reassessment Report...
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Sun-Times report inadvertently helps show the benefits of simple LVT as a...
Image credit: Purple Wyrm CC BY-NC-SA 2.0 According to a Sun-Times report, Cook County Assessor Fritz Kaegi acknowledges that his “Senior Freeze” program, under which old property owners claiming...
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2020 Cook County Property Tax Analysis — sort of
image credit: Andy Arthur CC BY 2.0 We have a new report from Cook County Treasurer Maria Pappas, subtitled “2020 Cook County property tax analysis: A heavier burden for businesses, Black and Latino...
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Property tax can’t be equitable, Kaegi asserts
Disused Chicago bread factory to become data center. Image credit: Emily CC BY-NC 2.0 In a new article (archived copy, also included in this pdf) for the Chicago Council on Global Affairs, Cook County...
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Are Cook County property taxes actually paid? Some data from Maria Pappas
A street in Ford Heights (Google) Georgists like to say that one of the many advantages of a real estate tax over other taxes is that, if the owner does not pay it, eventually s/he’ll lose the...
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Three “finalist” proposals for fixing Chicago’s pension mess
image credit: Artistmac We have an article from Crains reporting on the winning proposal for solving the disaster that is the City of Chicago’s pension plans. Of course a new fee is involved, being a...
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Tribune and “Illinois Answers” explain why value of improvements should be...
“Cook County assessor misclassifies hundreds of properties, missing $444M in one year alone,” says the Chicago Tribune. The report is joint with Illinois Answers. $444 million is a lot of money, about...
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Cook County contains 59,886 vacant taxable land parcels
A vacant lot (source: Cook County Assessor) The current locally assessed value of these 59,886 parcels totals $490.23 million. By ordinance, these assessments are 10% of what the Assessor estimates to...
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Tax favors for owners of “farmland”
Continuing our exploration of land values and real estate taxes in Cook County … Parcel #06364020270000, at 1830 Lake St in Hanover Park. 7.36 acres, adjacent to a residential area and virtually...
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