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Some effects of high and misconfigured real estate taxes
Delinquent taxes soaring in Cook County Reportedly, taxes of 163,036 parcels in Cook County were not paid on time. This comprises 2018 taxes which should have been paid in 2019. and amounts to 8.7% of...
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High land prices as a banking problem
image credit: Ann Priestley (cc) via flickr Here’s an (audio) interview with economist Richard Werner, who remarks on the problems high land prices have posed for the Japanese economy in recent...
View ArticleNot 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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