Assessor Fritz Kaegi says if left to his office, the homeowners would not see a hike at all.
He is blaming a different Cook County department for giving big tax breaks to the owners of big commercial buildings.
"I'm hoping it doesn't go up that much. I'm keeping my fingers crossed," said Jill Massucci-Hartlauf."That's the best I can do." "They need to explain why they're assessing buildings far below what they're selling for; far below what these buildings tell their lenders that they're worth," Kaegi said. It all leaves a bad taste in the mouths of people like Massucci-Hartlauf, who says while big business is important to fuel Chicago's economic engine, so is keeping homeowners in their homes.
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