As Chicago residents are getting shafted in the ass with large property tax increase.... Well lookie here.... 18 Chicago Aldermen avoid hefty property-tax hikes, 5 Chicago Aldermen pay less

PHOTO: Ald. Nicholas Sposato (inset) successfully appealed the assessment on his home. As a result, his property-tax bill went down, and he's paying $377 less than he did last year, while more than 70 percent of taxpayers in his ward saw increases averaging $211.

Tim Novak
@tnovaksuntimes | email

Three of every four property owners in Chicago have been hit with higher property taxes this year, a Chicago Sun-Times analysis shows — often thousands of dollars more and in some cases in the Loop and surrounding hot neighborhoods twice what they were last year.

That’s the result of a perfect storm of higher property assessments from Cook County Assessor Joseph Berrios and Mayor Rahm Emanuel’s $318 million tax hike, passed to shore up the city’s shaky finances and boost police and fire pension funds that for years have been shortchanged.

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