19/11/2025
Chicago just saw its largest property tax increase in over 30 years, with the median bill up 16.7%. Many South and West Side neighborhoods were hit especially hard, and declining commercial values in the Loop shifted more of the tax burden onto homeowners.
What this means for you:
• Homeowners: This could significantly increase your cost of ownership plan ahead for higher expenses.
• Buyers: Be sure to factor rising taxes into your future carrying costs when budgeting for a home.
Have any questions? Feel free to reach out!
331-274-6235
The median residential tax bill in Chicago jumped 16.7%, marking the largest increase in at least 30 years.