Chicagoland Chamber of Commerce President and CEO Jack Lavin was quoted in a recent Bloomberg article about downtown Chicago property tax assessments.
In the story by Bloomberg reporter Shruti Date Singh, dated Feb. 12, Lavin noted the downtown market and neighborhood commercial corridors are still recovering from the pandemic, so Cook County Assessor Fritz Kaegi must take myriad variables into consideration.
If market factors are excluded, “we risk further harming recovery” in the central business district, neighborhood commercial corridors and for small businesses citywide, according to Jack Lavin, head of the Chicagoland Chamber of Commerce.
“Chicago Braces for First Post-Pandemic Property Tax Assessment,” Bloomberg
We at the Chamber are concerned about the upcoming reassessment of property taxes in Chicago, and we are introducing legislation calling for a true state mandate to independently look at the property tax situation in Illinois, particularly Cook County.