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Cook County commission exploring property tax hike despite depressed home values

SEPTEMBER 9, 2019 | by Bryce Hill | ILLINOIS POLICY INSTITUTE

By Bryce Hill, includes “Average home prices in Cook County are 31% lower today than in 2007, adjusted for inflation, according to the most recent data from the Federal Housing Finance Agency. And even though homes are worth less than they were prior to the Great Recession, property tax bills in Cook County have on average jumped by 22%, after adjusting for inflation.”

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