"daley's Big Tax Bite" (Chicago, Oak Park: insurance, buying a house, buying)

[HOWELL_STREET]

I replicate the above marquis from the headlines of the Chicago Tribune, today, Oct. 11, 2007. So mayor Richard Daley wants $108 Million from a 15 percent hike in property taxes. He wants a $65 million from bumping up the water and sewer rates. He wants $48 million by doubling the monthly phone fee. He wants $21 million from a new 10-cent tax on bottled water. And he wants $8.7 million from increasing myriad parking fines. > > > And 'you' want to live in the city of Chicago? Read the article for yourself.
Well, in a way, you are 'right'. Because there will by a myriad of people fleeing the city of Chicago if these taxes get passed.

Carter Glass

[NYrules]

And the burbs will be right outside the city limits with open welcoming arms for everyone fleeing the city once this tax hike takes effect.

This whole thing reminds me of the movie Dick Tracy starring Warren Beaty and Al Pacino from 1990. The scene where "Big Boy Caprice" is sitting in his confrence room with all his cronies and says, "everytime someone buys a hamburger, we get a nickel... Someone gets a haircut, we get a dime. All these people are out there working... And they should be working... For us... We're all partners in this and I'm chairman of the board."

Dick Tracy was supposed to be about the mob in the 1930's, my question is, was the movie based on the mob, or the Daley machine? Chicago... what a joke! LOL!

[oakparkdude]

Aren't property taxes in the city lower than in the suburbs?

[gardener34]

I was always under the impression that cook county taxes were lower that surrounding counties, dupage among others. But I know when we moved into cook from dupage, my insurance $$ doubled beccause of theft. So there went those savings.

[vester72]

Property taxes are way lower in the city than most burbs. I'm moving from downtown Chicago to Frankfort and buying a house of equal value - my taxes will be going from $7,500 to $15,000 a year, so even an increase is not going to be close to what you pay in most burbs.

[sbd78]

Originally Posted by vester72

Property taxes are way lower in the city than most burbs. I'm moving from downtown Chicago to Frankfort and buying a house of equal value - my taxes will be going from $7,500 to $15,000 a year, so even an increase is not going to be close to what you pay in most burbs.

Frankfort is Will county, and Will county does have high property taxes. But most of the Cook county burbs have much lower taxes than Will and DuPage counties.

[mendelman]

Come to Oak Park and the 15% rate for Chicago will still be less than you have to pay in Oak Park, but, on average, the public schools in Oak Park was much better than in Chicago, but you pay for it.