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  2. $300M property tax hike in Chicago mayor’s 2025 budget ...

    www.aol.com/watch-live-300m-property-tax...

    CHICAGO — Despite continued promises not to raise property taxes stemming back to his mayoral campaign, Mayor Brandon Johnson has proposed to do just that in a $17.3 billion city budget plan he ...

  3. Property-tax hike dropped, loan included in updated Chicago ...

    www.aol.com/property-tax-hike-dropped-loan...

    (The Center Square) – The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27 ...

  4. Chicago mayor’s $300M property tax hike faces strong ... - AOL

    www.aol.com/finance/chicago-mayor-300m-property...

    Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...

  5. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.

  6. Chicago City Council passes budget without property tax hike ...

    www.aol.com/mayor-brandon-johnson-reportedly...

    CHICAGO — Mayor Brandon Johnson eked out a victory Monday with the narrow passage of a $17.3 billion municipal budget plan that does not raise property taxes.

  7. Administrative divisions of Illinois - Wikipedia

    en.wikipedia.org/wiki/Administrative_divisions...

    The property tax is a local tax, imposed by counties, townships, municipalities, school districts, and special taxation districts. The property tax in Illinois is imposed only on real property. [5] [6] [7] Illinois counties, townships, cities, and villages may also promulgate local ordinances. [8]

  8. Tax increment financing - Wikipedia

    en.wikipedia.org/wiki/Tax_increment_financing

    According to an article published in the Journal of Property Tax Assessment & Administration in 2009, the increase in the use of TIF in Chicago resulted in a "substantial portion of Chicago's property tax base and the land area" being subsumed by these levy zones—"26 percent of the city's land area and almost a quarter of the total value of ...

  9. Chicago Mayor Johnson's Budget Betrayal Would Raise Taxes on ...

    www.aol.com/news/chicago-mayor-johnsons-budget...

    On Thursday, the Chicago City Council dealt the mayor a devastating blow when it rejected his proposed $300 million property tax increase in a 50–0 vote. Earlier in the week, Johnson told ...

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