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Another Large Company Announces Departure From Chicago
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Per this property tax issue: Land should only be taxed when:
You purchase it You pay a mortgage/loan on which it is the collateral You sell it Just like any other asset/investment, You don't pay tax on your 401k or 403b until it is sold. Property tax on property owned free and clear is one of the biggest ripoffs ever. And neither party would advocate its revocation, because its too valuable as a source of government funding.
"Remember Red, Hope is a good thing. Maybe the best of things. And no good thing ever dies." - Andy Dufresne, The Shawshank Redemption
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