42nd Ward Alderman Brendan Reilly, now running for Cook County Board President, says falling commercial property values in downtown Chicago are driving up property taxes for homeowners.
New legislation raises the income eligibility threshold for the Low-Income Senior Citizens Assessment Freeze from $65,000 to $75,000, providing much-needed tax relief to senior homeowners in Cook County starting in 2026.
Armed National Guard troops and aggressive ICE agents are causing unease among Chicago’s upscale real estate brokers, who are already grappling with low inventory and high interest rates.