Homeowner exemptions raising tax rates, undercutting savings in some towns, Cook County report finds
A new report from Cook County leaders comes with a warning about expanding property tax breaks for homeowners: What seems good for one taxpayer can backfire on a whole town. Countywide, those exemptions remove $1.6 billion in annual tax revenue by lowering taxes for specific categories of homeowners. But the report found that in some municipalities, they don’t provide as much relief as people ...
Source: yahoo.com
