Tag Page PropertyTax

South Side homeowners face tax sale threat

Property tax bills are spiking across Chicago, but it’s South Side homeowners—many already struggling with modest incomes—who are at the greatest risk of losing their homes over relatively small debts. In Englewood and nearby neighborhoods, nearly 100 out of every 1,000 homes are behind on taxes, with average debts under $700. Meanwhile, wealthier areas owe more per property but see far fewer delinquencies. Advocates warn the system’s flaws and lack of awareness about payment plans put families in danger of foreclosure and losing all their equity. How should Chicago tackle these deep-rooted tax inequities? #RealEstate #Chicago #PropertyTax